Another 8 Chinese Stainless Steel Plants Announce to Cut Output in May after Tsingshan

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.

China Nickel Ore Inventories Grow Finally, SMM Reports, with Bearish Outlook for Price

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.

One High-Grade NPI Plant in Jiangsu Suspends Production

After Tsingshan’s cut news, another 8 stainless steel mills also announced to reduce production the same day, with deals below.

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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