China's stainless steel industry started relatively late. Before the establishment of the People's Republic of China and during the early years before the reform and opening-up, the demand for stainless steel was mainly driven by industrial and defense applications. However, after the reform and opening-up in the late 1970s, the rapid economic growth and rising living standards significantly boosted the demand for stainless steel across various sectors.
By the 1990s, China’s stainless steel industry experienced a period of explosive growth. While global stainless steel consumption grew at an average annual rate of about 6% during this time, China’s apparent consumption grew at a much faster pace—nearly 2.9 times the global average. This marked a turning point for the country’s stainless steel market.
In the 21st century, the industry continued to expand rapidly. From 2000 to 2006, the annual growth rate of stainless steel consumption in China exceeded 21.17%. In 2001, China became the world's largest consumer of stainless steel, with an apparent consumption of 2.05 million tons. By 2008, this figure had risen to 6.24 million tons, although it saw a slight decline of 5.17% compared to the previous year.
In November 2011, China’s stainless steel output reached 12.5 million tons, showing a year-on-year increase of 11.1%. The production of stainless steel products also rose sharply, reaching 326,800 tons—an increase of 65.25%. Guangdong Province stood out as the main production hub, with a total output of 1.837 million tons, up 41.76% from the previous year and accounting for 78.62% of the national total.
Despite the strong production capacity, China still faces challenges in the raw material supply chain. Chromium and nickel, key components in stainless steel production, are abundant in foreign markets but remain in short supply domestically. Additionally, the industry suffers from overcapacity, where supply often exceeds demand, leading to fluctuating profit margins.
As competition intensifies, large producers are increasingly engaging in mergers, acquisitions, and financial operations to strengthen their market positions. Leading domestic companies are now focusing more on market research, particularly on shifting customer demands and environmental changes. This strategic approach has enabled many top Chinese stainless steel brands to rise quickly and establish themselves as industry leaders.
product
- SBH-1024-2MD Nemicon Encoder for geared machine elevator spare part, gear motor encoder
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- SBH2-1024-2T Nemicon Encoder for geared machine specially for FUJITEC elevator, elevator spare part, gear motor encoder
Specifications
- Nemicon encoder
- For elevator geared machine
- Long life time
Encoder for Geared Machine, Encoder for Gearless Machine, Encoder for Elevator, Quality Elevator Encoder
Ningbo Xinda Elevator Traction Technology Co., Ltd. , https://www.xinda-elevator.com