
Development of Stainless Steel in China
With the rapid development of the national economy, the improvement of people’s living standards after the mid-1990s has led to the consumption demand of stainless steel sheets. However, China has found that the original stainless steel production technology and equipment can not meet the market demand. In order to improve the production of stainless steel, the state has issued relevant policies to support vigorously. First, the state policy supports state-owned enterprises to invest in the development of stainless steel (especially Shanxi Taigang and Shanghai Baosteel), secondly, encourages foreign-funded enterprises to invest in the construction of stainless steel factories, and thirdly, market economy guides private enterprises to develop stainless steel. Under such circumstances, China’s stainless steel industry has developed rapidly. Domestic