SHANGHAI, Jan. 9 (SMM) – Approximately 1/3 of galvanized plate/sheet producers in Shandong Province have cut or suspended production, Shanghai Metals Market learns.
The production suspension
, resulting in low utilization rate at local producers in January, is due mainly to weak demand, high inventories and cash crunch, according to SMM survey.
One local galvanizer said nearly 1/3 of local galvanized plate/sheet and tube/pipe producers have reduced or halted production.
Zinc price will gain no support from anemic demand in north China.
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