SHANGHAI, Nov. 13 -- It is reported JISCO has cut down stainless steel output in large amount in response to current sluggish steel market as well as the decreased orders resulted from demand downturn. Its monthly output decreased to as much as 1/4 of it normal level.
As the market still has not been warmed up, combined with a reduction in orders, JISCO’s suspension of steel-making is expected to significantly affect its stainless steel output this month. It is reported that stainless steel total output this month may less than 1/4 of its normal level.
At the same time, JISCO said the operation of stainless steel expansion with capacity of 600,000 mt/yr may also be delayed due to current market conditions. Though it is still difficult to determine the specific operation date, but the entire project is still moving forward.
(Edited by CBI China)