The size of the global stainless steel market in 2019 is estimated at $ 111.4 billion, which is strongly dependent on the boom in the automotive industry. One of the most widely used goods in the stainless steel chain is automobiles. About 40 percent of the world’s stainless steel production is spent on automotive. Under the current circumstances, it is predicted that from 2020 to 2027, we will see a 6.3% growth in the GDP of the countries that invest in this field. In terms of revenue generation, this branch of the steel market is very attractive and pristine.
*** Growth in global demand for stainless steel
Increasing demand for stainless steel is one of the most common topics of discussion in the international steel market. Growth in demand for stainless steel Due to growing demand for consumer goods such as automobiles and home appliances, Chinese stainless steel mills have increased their production lines and sometimes produce without shutting down.
This type of steel has high resistance and flexibility against corrosion and requires low maintenance. This makes the attractiveness of stainless steel production very useful and advantageous for production plants and middle consumers who have a production line. The mentioned properties of stainless steel have led to an increase in the use of this product in consumer products such as automobiles, kitchen utensils, display windows and stoves, which in turn is expected to increase product demand in the coming years with significant demand growth. Be.
*** The behavior of the Chinese in the production of stainless steel
China is one of the world’s leading manufacturers and consumers of stainless steel products. Due to its growing industries and use in the final production line of goods such as automobiles, construction and consumer goods, it plays a significant role in the country’s production portfolio. Self-assigned. According to the International Organization of Motor Vehicle Manufacturers, China’s automobile production reached 27.8 million units and accounted for 29% of global automobile production in 2018. It is expected that the increasing production of automobiles in the coming years will greatly overshadow the stainless steel market.
*** Automotive, the culmination of stainless steel production
Rising car production is a major driver of the stainless steel market, mainly in the emerging economies of Asia, Oceania, the Middle East and South America. The increase in population and the increase in income that can be converted into household goods, along with credit facilities and the increasing need for people to own a vehicle, are significant factors that have led to the production of cars in the emerging economies of Asia and the Pacific. As the level of welfare increases, consumerism in households will increase, and this will have a positive impact on the stainless steel market, both micro and macro, and this, in turn, is likely to increase market growth in the coming years.
*** The charms of stainless steel in industry
Despite the increasing demand for products in various industries, the increasing use of carbon fiber, especially in the automotive industry due to properties such as lightness, high strength and load-bearing capacity, is expected to have a significant impact on the stainless steel market. The growing importance of light vehicles in reducing fuel consumption is likely to increase the need for lightweight materials. Carbon fiber reduces car weight by almost 30%, making it the most desirable material in the automotive industry in combination with stainless steel.
In order to better understand the production perspective of stainless steel, we will examine the production performance of different series of stainless steel in the world.
*** Features Two hundred stainless steel series
The first series of stainless steel production is the 200 series. The 200 series has a 17.5% share of stainless steel production in 2019 due to the increase in demand for consumer goods. The 200 series seems cost-effective because the nickel generally used in the production of the 300 series is partially replaced by nitrogen and manganese, reducing the price of this series of stainless steels to a minimum.
The strength of the 200 Series is about 40% higher than that of the 300 Series, which is likely to provide a positive environment for product demand in the coming years. The only drawback to this series of stainless steel and the limitation of its use is the high ductility of this type of steel, which is not recommended for industries that need structural strength.
*** Characteristics of 300 series stainless steel
The 300 series is composed of 6% to 20% nickel and 18% to 30% chromium. Highlights of this product include high corrosion resistance and significant static resistance to high temperatures. This series of stainless steels is widely used in heavy industry and applications and automotive modules such as injector components and car engines.
The 200 Series and the 300 Series are similar in physical and mechanical properties, but differ in performance strength and cost-effectiveness. Depending on the type of project being planned, the use of these two series is considered to be the most costly series used for assembly.
*** Competitive advantage of 400 series stainless steel
The 400 Series is expected to grow by 6% in terms of revenue generation from 2020 to 2027, due to its increasing use in compressor flooring, valve and valve components, screws, high pressure pump rods. , Used machine parts used in the food industry production line, machine parts, injectors, pistons, and even kitchen utensils such as cutlery.
It has a wide range of applications in this series of stainless steels in the coming market It will cover a wide range and will keep the stainless steel production market thriving for a decade. This series of steel also has a high carbon content that gives it a crystal structure and is used for applications that require high strength, heat resistance and corrosion are essential.
*** Innovation in stainless steel production
The Duplex series is growing rapidly due to its features such as crack resistance, physical stress, high strength and light weight. This series is also used in various applications such as civil structures that have high humidity, water tanks and hot water tanks of boilers. The growing demand for this series of stainless steel is expected to increase the overall demand for stainless steel in the coming years.
*** Slab contraction joints should intersect at the openings for columns
Flat steel products had the largest share in the stainless steel market in 2019 due to increased use in cold rolled production. Superior properties such as smoothness, high thermal and mechanical tolerance, have made them usable in various industries. The growth of cold-rolled slab production is also expected to boost the stainless steel market.
The long steel sector is expected to grow by 20% in terms of revenue from 2020 to 2027 due to rising infrastructure costs in various parts of Asia and the Pacific. Increased use of long products is expected to lead to significant growth in the consumption of stainless steel in heavy industries such as automobiles and power plants.
*** Evaluate the performance of the Chinese in the field of stainless steel
In the last two decades, China has occupied the stainless steel market in an unrivaled manner and has taken the lead in the stainless steel market. At first glance, the production of stainless steel in the world may seem very attractive due to its retail market. نرسد. But in recent years, the entry of stainless steel into the market for automobiles, home appliances, pipelines, weapons and shipbuilding and machinery, and hundreds of other devices has made this market attractive for evaluation and investment. This part of the steel market pays close attention and practically exports various series of stainless steel to the whole world at the lowest cost.
*** Unprecedented growth of Chinese in stainless steel production
In 2004, of the top 10 stainless steel manufacturers in the world, only one Chinese company, Shanghai Baustil, entered the industry and sold its stainless steel in part, and other top American companies. Europeans, Indians and South Koreans controlled the market. At that time, only 25.8% of the world’s steel was made in China.
But in the current situation, the story has changed completely. In 2018 (according to the latest data provided by official channels), the six largest stainless steel companies in the world were Chinese, some of which are state-owned, accounting for 51.3% of global stainless steel production in China. . This alone shows the Chinese leadership in the production and export of stainless steel, and it is unlikely that the country will be able to compete with the Chinese manufacturer.
*** South Korea is a residual actor in stainless steel production
South Korea, the former steel giant, has nothing to say in the list of the world’s top 10 manufacturers, and only one company from this country remains in the list of the top ten manufacturers. In 2005, China produced 12.9 percent of the world’s stainless steel, while Europe produced 34.8 percent and the United States 9.2 percent. By 2018, China has more than quadrupled its share to 52.6 percent of the world’s total stainless steel, while Europe has fallen to 15.6 percent and the United States to just 5.5 percent.
*** The United States seeks to usurp the Chinese market
Donald Trump is one of the key figures in supporting the US stainless steel industry. He sees support for the industry as supporting US national security, but his efforts to make US stainless steel export offers competitive with Chinese products have failed. He sees stainless steel as a strategic commodity and has sought to boost US exports by imposing sanctions on China and Europe, but to no avail. Because the cost of Chinese stainless steel is about half the cost of American products, traders have preferred to take the risk of sanctions at high American prices.
*** Predict the growth of Chinese production in the field of stainless steel
Stainless steel pricing is expected to be one of the levers of Chinese power in the next three years. If this trend continues, it is likely that the bankruptcy of non-Chinese factories due to their inability to compete with Chinese competitors will lead to China becoming a monopoly on stainless steel production, and in this context, pricing policies in this area alone and Will follow without hassle. With the increase in the price of stainless steel, the cost price of the car in the international market will definitely increase significantly.
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