India this year will double from China imported stainless steel
India Stainless Steel Development Association (ISSDA) is expected, stainless steel imports in 2014 from Chinese market in India is expected to double, reaching 250000 tons. The association president Mathur (Mathur) said: "Chinese to India last year exported 130000 tons of stainless steel."
Although Indias domestic stainless steel production enterprises with 5000000 tons of stainless steel annual production capacity, but the capacity utilization rate of less than 50%, a year can produce about 2700000 tons of stainless steel, and India needs every year about 2400000 tons of stainless steel.
Mathur said that the India government proposed to enhance the competitiveness of the manufacturing sector in India, as well as building wisdom city plan will increase the demand for stainless steel pull. "However, the current per capita stainless steel consumption in India is still only 2 kg, while the world average per capita consumption of 6 kilograms of stainless steel. Therefore, the future of India stainless steel consumption is still has growth potential."
Back