China stainless steel output grows 2.9% in Aug

SHANGHAI, Sep 12 (SMM) – Production of stainless steel in China grew in August for a second straight month, rising 2.93% from July to 2.6 million mt, showed an SMM survey.

August’s output was 18.03% higher than the corresponding month of 2018.

#300-series accounted for 1.23 million mt, up 5.13% from a month ago and 8.01% from a year ago.

Output of #200-series rose 1.34% month on month to 981,000 mt, and that of #400-series inched up 0.26% to 391,000 mt.