stainless steel, top ten highlights of stainless, stainless steel industry

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Top ten highlights of stainless steel industry in 2021

1. Dual control of energy consumption

2. Indonesia's stainless steel output increased by 94.46% year-on-year

3. Cancel export tax rebate
On April 28, the Ministry of Finance and the State Administration of Taxation issued an announcement on the cancellation of export tax rebates for some iron and steel products: from May 1, 2021, the export tax rebates for some iron and steel products will be cancelled. The export tax rebate rate of stainless steel products was reduced from 13% to 0%, involving 53 stainless steel commodities, covering almost all categories of stainless steel, including coil, narrow strip, profile and pipe

4. Imports increased by about 63.7% year-on-year

5. Stainless steel futures rose 24.4% annually

6. Stainless steel spot increased by 51.74% annually

7. Low inventory operation

8. Cost increased by 20% year on year

9. Antidumping takes place one after another. In 2021, trade barriers are gradually rising, and antidumping policies take place one after another

10. Xiangshui creates a new landmark of national high-quality stainless steel industry