Investment in fixed assets grew rapidly.
According to the data of the National Bureau of Statistics, during the decade from 2003 to 2013, the investment in fixed assets in China's petroleum and chemical industries increased more than 8 times, with an average annual growth rate of 25%.
The demand for stainless steel pipes has increased sharply.
According to the general application experience of construction projects in petrochemical industry, a single petrochemical project (5-20 million tons) needs to use about 400-2000 tons of stainless steel pipes.
Investment and construction increased, and the industry developed rapidly.
All parts of China have accelerated the development of local petrochemical industry and established petrochemical bases with their own characteristics. During the “Twelfth Five-Year” Plan period, the investment and construction of major petrochemical projects and the renewal of existing petrochemical facilities have made the petrochemical industry have a huge market demand for special stainless steel pipes.
Post time: Dec-05-2023