Newssummary: China’s Henan Brings 100,000-tpy Stainless Steel Project Online

At present, there are 24 iron and steel joint enterprises in Shanxi, China. In 2021, the pig iron output was 59.884 million mt, a year-on-year decrease of 1.6%; Crude steel output was 67.407 million mt, up 1.6% year-on-year; The output of steel products was 61.739 million mt, which was basically the same as that of the previous year.

Under the influence of the increasingly severe pandemic, the epidemic prevention policy in domestic ports was strict, while the unloading capacity of terminals was restricted and the efficiency of cargo handling was reduced.

Today, the spot prices of all series of stainless steel products in Foshan stood flat today. The average price of the 300 series product was around 18,000 yuan/mt. The market received a large number of goods last week, while the demand failed to keep up. The downstream users continued to purchase on rigid demand after the prices rebounded slightly yesterday.