Xinliheng Acciaio inossidabile
The global stainless steel plate market continues to grow, projected to reach $1.1243 trillion by 2030, with a compound annual growth rate of 5.9%. The Asia-Pacific region holds the largest market share, with China being a significant consumer. Recently, China has continued to impose anti-dumping duties on imports of stainless steel billets and hot-rolled coils originating from the European Union, the United Kingdom, South Korea, and Indonesia.
Global Stainless Steel Plate Market Overview:
Market Size:
The global stainless steel plate market was valued at $1,001.9 billion in 2022 and is projected to grow to $1,124.3 billion by 2030, with a compound annual growth rate of 5.9%.
Region:
The Asia-Pacific region is the largest market, accounting for 73.36% of the market share in 2022.
Main Applications:
Stainless steel plate is widely used in construction, white goods, machinery, and industrial components. Fortune Business Insights notes that its corrosion resistance, workability, and mechanical properties make it an ideal material.
China Market:
China is a major consumer of stainless steel plate and a key region in the anti-dumping investigation.
China Stainless Steel Plate Market Dynamics:
Anti-Dumping Investigation:
China’s Ministry of Commerce has decided to continue to impose anti-dumping duties on imports of stainless steel billets and hot-rolled coils originating from the European Union, the United Kingdom, South Korea, and Indonesia for a period of five years.
TISCO Breakthrough:
Wupin Zhongda Yuantong Stainless Steel Co., Ltd. reported that TISCO has successfully overcome the challenges of controlling the mechanical properties of extra-thick stainless steel plates and delivered over 6,000 tons of extra-thick plates to a major international energy project, setting a new global record for the delivery of similar products.
Applications:
China’s stainless steel plates are primarily used in the production and final sale of cold-rolled stainless steel, and are widely used in industries such as shipping, container transport, railways, and power generation.