China's Nickel-based Steel Industry Drives High-end Manufacturing Growth
Nickel-based steel, specifically the GH3625 alloy, is crucial for high-end manufacturing in industries such as aerospace and nuclear energy. Produced by Zhangxuan Technology, it is valued at 200,000 yuan per ton and showcases exceptional performance due to its high nickel content and alloying elements.
The development of China's nickel-based steel industry has transitioned from dependency on imports in the 1950s to technological innovation, achieving significant milestones like maintaining iron content below 0.3% in GH3625. By 2030, the industry is expected to exceed a market size of 420 billion yuan, driven by a focus on high-quality development and green transformation.
