Now in China we are embracing Favorable policies promoting industrial development
It is reported that since the second half of last year, in order to improve the overall technical level of the iron and steel industry, the national industrial policy will promote structural adjustment, encourage special steel enterprises to develop in the direction of collectivization and specialization, encourage the use of short process technology with scrap as raw material, and encourage special steel enterprises to develop special steel needed at home.
According to the analysis of Foshan Menbao, in recent years, with the rapid development of the stainless steel market, the consumption of stainless steel in the vast rural areas has always maintained a very low level, and the rural market has great potential. With the improvement of the quality of stainless steel in China, the consumption of stainless steel related products needs to be updated and upgraded in relatively affluent classes and regions in large and medium-sized cities, which has stimulated the demand for high-end stainless steel products, With the rapid development of domestic industry, stainless steel and corrosion-resistant alloy with higher quality and more complete varieties are needed.
So we are very confident of the stainless steel market, and the market would be stable and favorable in the following years.