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China Stainless Steel Output in July Up By 3.7%

Steel News - Published on Tue, 13 Aug 2019

Image Source: Nikkei
SMM reported that China’s output of stainless steel came in at 2.53 million tonne in July, up 3.71% from June and 18.65% from July 2018. SMM survey showed that higher margins drove stainless steel mills to raise the output of #300 series at the expense of #400 series. It said that production of the #300 stainless steel grew 3.91% on the month and 9.36% on the year to stand at 1.17 million tonne in July, while output of #400 products slid 8.98% from a month ago to 390,000 tonne. Output of the #200 series increased 9.63% month on month to 968,000 tonne.

For August, scheduled output of the three types of stainless steel all climbed on the month, totaling 2.6 million tonne.

Improved orders boosted planned production of the #300 series to 1.21 million tonne, up 2.99% from July. Output of the #200 series will gain 3.51% on the month to 1 million tonne, and that of the #400 series may inch up 0.23% to stand at 395,000 tonne.

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Posted By : Ratan Singh on Tue, 13 Aug 2019
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