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Stainless steel production in China in April up 12% YoY

Steel News - Published on Fri, 17 May 2019

Image Source: Business Times
SMM reported that production of stainless steel in China edged up 0.03% from March to stand at 2.34 million tonnes in April 2019, up 12.08% YoY. With a southern mill transferred part of its 300-series capacity to produce 200-series products, output of 300-series stainless steel declined 4.7% to 1.17 million tonnes last month, while that of 200-series rose 7.98% to 810,200 tonnes. Production of 400-series inched down 0.41% to 362,000 tonnes.

Stainless steel production is expected to expand to 2.39 million tonnes in May, with output of 300-series extending its declines, down 2.53% to 1.14 million tonnes as the mill continues to cut its 300-series output and turn to 200-series. In May, output of 200-series stainless steel is expected to grow 5.9% to 858,000 tonnes and that of 400-series is estimated to gain 8.56% to 393,000 tonnes.

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Posted By : Sanju Moirangthem on Fri, 17 May 2019
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