Metals News
Will Carbon Steel Production Shift at Stainless Steel Mills Become Trend? SMM Reports
smm insight
11:09AM
Jun 12,2017
Source:SMM

SHANGHAI, Jun. 12 (SMM) – Several domestic stainless steel mills have shifted to producing common carbon steel since April 2017 due to big losses and weak demand, Shanghai Metals Market learnt. 

Will this become a trend? 

Will China NPI Output Keep Falling in June? SMM Reports

According to SMM preliminary data, capacities which have made production shift from stainless steel to carbon steel have amounted to about 80,000 tonnes as of early June. 

If the trend continues, supply pressures in stainless steel market will be easing, but nickel demand will be also falling. 

China Sees Continuous Increases in Nickel Ore Inventories, SMM Reports, with DMCI Mining to Resume Ore Shipments

For more news on production shift and cost analysis, please see SMM Nickel Monthly Report. 

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