SHANGHAI, Apr. 27 (SMM) – On Apr. 26, another 8 large domestic stainless steel producers announced to reduce production in May after Tsingshan’s cut plan, 51bxg.com reported.
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Tsingshan Group said to close one #201-hot-rolling furnace in Fujian production base, and to cut output by about 30,000 tonnes, and production plan for May will be set according to market conditions.
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After Tsingshan’s cut news, another 8 stainless steel mills also announced to reduce production the same day, with deals below.
|
Steel Mill |
Reason |
Output to be Affected |
|
Angang Lianzhong Stainless Steel Corporation Company |
5-day maintenance for reheating furnace from May 2; 3-day maintenance for hot-rolling units from mid May |
25,000 tonnes, including 15,000 tonnes of losses from reheating furnace’s maintenance, and 10,000 tonnes from hot-rolling units. |
|
JISCO |
sluggish prices |
10,000 tonnes, including 6,000 tonnes of #304 stainless steel |
|
Baosteel Desheng Stainless Steel Co., Ltd. |
costs |
20,000 tonnes, mainly #201 stainless steel |
|
Huale Alloy Co., Ltd. |
market conditions |
20,000 tonnes, mainly #201 stainless steel |
|
Guangxi Zhongjin Metal Technology Co.,Ltd. |
maintenance from May 2 to 10 |
15,000 tonnes, mainly #201 stainless steel |
|
Henan Xinjinhui Stainless Steel Co., Ltd. |
time is not set yet, but will cut output |
15,000 tonnes, mainly #201 stainless steel |
|
Fuxin Special Steel Co., Ltd. |
sluggish prices |
20,000 tonnes, mainly #304 stainless steel |
|
Southwest Stainless Steel Co., Ltd. |
sluggish prices |
25,000 tonnes |
Another three large domestic stainless steel mills will also join in the cut, and their reduction plans will be released soon.
What’s impact will be on nickel market from production cuts at domestic stainless steel mills? Please stay tuned, and SMM will bring you latest report on it soon.
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