According to statistics from the Stainless Steel Branch of China Special Steel Enterprises Association, China’s crude stainless steel output totaled around 16.35 million tons in the first half of this year, decreasing by 5.26% compared to the same period a year ago.

During the period, China imported around 1.68 million tons of stainless steel, a year-on-year increase of 19.64%. Meanwhile, the exports of stainless steel totaled 2.42 million tons, up by 10.6% year on year.

Besides, the apparent consumption of stainless steel during the given period was approximately 14 million tons, a year-on-year decrease of 5.38%.