Chinese stainless steel output up in Jun y-o-y
9 Jul 2019 16:24 reported by Liv Wang
According to the statistics, Chinese stainless steel output was around 2.34 million tons in June, down by 2.34% month on month, up by 23.73% year on year. Among them, 300 series output totaled around 1.13 million tons in June, down by 2.76% month on month.
The report from the Shanghai Metals Market (SMM) showed that the major reason was that a part of mills decreased the production of 300 series in March due to cost and order issues. 200 series output totaled around 880,000 tons, down by 2% month on month, due to steel mills' annual maintenance in South China. 400 series were outputted around 430,000 tons, down by 1.95% month on month.
It was expected that China had around 2.5 million tons of stainless steel production in July. Among them, 200 series output was around 930,000 tons, up by 5.44% month on month; 300 series was around 114,000 tons, up by 1.6% month on month; 400 series was around 430,000 tons, rising by 0.23% from the previous month.
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