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Home / Metal News / Stainless Steel Mills Near Hangzhou to Halt Production for G20 Summit, SMM Reports

Stainless Steel Mills Near Hangzhou to Halt Production for G20 Summit, SMM Reports

Aug 23, 2016 13:50

Source:SMM

Stainless steel mills near Hangzhou are expected to suspend production from late August for the upcoming G20 Summit, Shanghai Metals Market reports.

SHANGHAI, Aug. 23 (SMM) – Stainless steel mills near Hangzhou are expected to suspend production from late August for the upcoming G20 Summit, Shanghai Metals Market reports.

The suspension is estimated to last until after the summit, to be held on Sept. 4-5, and will affect supply of #200 and #300 stainless steel products, SMM says.

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The stainless steel futures prices showed a downward trend last week. Due to the influence of market news, the SS contract prices rose slightly in the middle of the week, but then edged down due to market pessimism.

Nov 22, 2021 14:19

Analysis

Stainless Steel Prices Continued to Dip and Expected to Fall Further

Voice of the Market amid Declines of Stainless Steel Prices

The stainless steel market has experienced various news shocks last week. Although the authenticity of the news has yet to be confirmed, it has also caused a certain impact on the market. The current market sentiment is relatively pessimistic.

Nov 15, 2021 11:25

Analysis

Voice of the Market amid Declines of Stainless Steel Prices

Stainless Steel Futures Fell 12.2% for Four Trading Days! Prices to Increase amid Production Restrictions

Stainless steel futures entered sharp correction. The most-traded SHFE contract fell sharply after hitting highs on September 23, and closed at 19,690 yuan/mt today. The decline reached 12.2% for four trading days.

Sep 29, 2021 18:13

Analysis SMM Comments

Stainless Steel Futures Fell 12.2% for Four Trading Days! Prices to Increase amid Production Restrictions

Stainless Steel Update: Profits turned positive at stainless steel plants with NPI facilities

As the price of stainless steel continued to increase, the profit margins for the plants were improved, and the profit based on full cost at the stainless steel plants with NPI facilities turned positive.

Jan 11, 2021 16:00

Analysis

Stainless Steel Update: Profits turned positive at stainless steel plants with NPI facilities

Stainless steel imports and exports increased in October, with imports rising to a new high of 200,000 mt

The stainless steel market remained stable with scarce transactions. The basic quotations of #304 cold rolled coils were between 12,900-13,400 yuan/mt. According to the survey from traders, due to the tight spot supply from Hongwang, some agents had suspended selling coils, and they are reserving the supply for later sale of plates.

Dec 1, 2020 15:22

Analysis

Stainless steel imports and exports increased in October, with imports rising to a new high of 200,000 mt

China stainless steel imports fell for 2 months

China took 4,900 mt of stainless steel from Indonesia in November, 86% lower than a month earlier

Dec 27, 2019 11:44

Analysis

China stainless steel imports fell for 2 months

East China stainless steel mills to cut cold-rolled production on high costs

A mill will suspend for about 10 days, which is expected to impact one-third of its supply for Sep

Sep 10, 2019 18:41

Industry

East China stainless steel mills to cut cold-rolled production on high costs

Ningbo Baoxin Stainless Steel to expand capacity by 30,000 mt

The project can produce 30,000 mt of ultra-thin stainless steel sheets for automobiles in a year

Aug 20, 2019 15:09

Reminder

Ningbo Baoxin Stainless Steel to expand capacity by 30,000 mt

Power supply curbs in Guangdong’s Yangjiang to impact local NPI, stainless steel production

This is estimated to lower NPI output from Yangjiang in Jun by 500 mt in Ni content

Jun 21, 2019 09:54

Industry

Power supply curbs in Guangdong’s Yangjiang to impact local NPI, stainless steel production

Losses drive stainless steel mills into maintenance in Jun

A producer in Guangxi has conducted annual maintenance on its steel and hot-rolled coil capacity

Jun 3, 2019 14:41

Industry Reminder

Losses drive stainless steel mills into maintenance in Jun

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Stainless Steel Mills Near Hangzhou to Halt Production for G20 Summit, SMM Reports

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