China's stainless steel consumption per capita is almost five times its south Asian rival, India, currently the usage of stainless steel, has far more than the European Union representative in China at a conference on nickel. In Shanghai of the fifth IBC2008 China Nickel metal Annual meeting (IBC 's 5 th Annual China Nickel conference 2008), India gold, stainless steel iron and steel company, President of N.C. Mathur said, in addition to the Chinese around the world in 2007 stainless steel output fell.
Mathur, pointed out that according to last year's figures, China's per capita use stainless steel for 6 kg, India's per capita consumption of 5 times. Last year the region accounted for 60% of the global use of stainless steel production 16 million tons. Mathur, also said that India gold, iron and steel company 3 factories in India exports more than 30% of the stainless steel slab, bloom steel billets, hot rolled coil and cold rolled coil, at the same time it also in a number of India's main plays an important role in the construction of infrastructure. These include a nationwide 20000 section of the construction of new railway, 40 airports and the expansion of large shopping center, in Bangalore (Bangalore) building a new airport, and 2010 Delhi Commonwealth's Games infrastructure investment. "India is the per capita consumption of stainless steel is 1.2 kg, because of the large population and growing middle class, India's stainless steel industry will be more prosperous," Mathur said.
He also said at the conference, jindal steel company is expected to 2011 the annual output is 25 million tons/year, ranks among the five largest stainless steel producer, SBB reports.