Optimisation and Upgrading of Raw Material Supply Chains: Recycled Stainless Steel Emerges as New Green Development Direction for Industry

In 2026, the upstream raw material sector of the stainless steel sink industry exhibits dual characteristics of ‘price stabilisation and quality enhancement alongside green transformation’. Food-grade 304 stainless steel remains the market's predominant material, accounting for over 85% of the market share. Due to its superior corrosion resistance, 316L stainless steel has increased its market share to 18.6% in coastal regions and high-end markets. Leading enterprises stabilise raw material costs through long-term price agreements and self-built rolling mills, while significantly increasing recycled stainless steel usage to align with carbon neutrality goals. Top industry players now achieve over 22% recycled material blending rates, reducing per-unit carbon footprint by more than 14%. Furthermore, the closed-loop scrap steel recycling system continues to improve, with the recovery rate of stainless steel waste from kitchen and bathroom appliances exceeding 90% by 2026. This not only reduces raw material costs for enterprises but also lays the foundation for the industry's green and sustainable development.