Flash: South China stainless steel mill to cut output on losses-Shanghai Metals Market

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Flash: South China stainless steel mill to cut output on losses

Industry News 02:18:24PM Mar 02, 2018 Source:SMM

SHANGHAI, Mar 2 (SMM) – A stainless steel plant in south China said on Thursday March 1 that it would cut 65% of its output of grade-304 stainless steel in March due to losses, SMM learned. The move followed an already lower production of series 300 in February in a bid to stabilise prices. 

In 2017, the company's series 300 stainless steel output accounted for 8-9% of China's production. Its output cut in February and March would account for close to 2% of the country's series 300 stainless steel supply. 

 


For editorial queries, please contact Daisy Tseng at daisy@smm.cn 
For more information on how to access our research reports, please email service.en@smm.cn

Key Words:  stainless steel 

Price

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62% Fe Fines (Qingdao Port): IOPI62
May.17
729.0
17.0
(2.39%)
62% Fe Fines (Qingdao Port, CFR Equiv.)
May.17
97.9
2.1
(2.22%)
58% Fe Fines (Qingdao Port): IOPI58
May.17
624.0
2.0
(0.32%)
58% Fe Fines (Qingdao Port, CFR Equiv.)
May.17
84.2
0.1
(0.08%)
65% Fe Fines (Qingdao Port): IOPI65
May.17
813.0
24.0
(3.04%)

Flash: South China stainless steel mill to cut output on losses

Industry News 02:18:24PM Mar 02, 2018 Source:SMM

SHANGHAI, Mar 2 (SMM) – A stainless steel plant in south China said on Thursday March 1 that it would cut 65% of its output of grade-304 stainless steel in March due to losses, SMM learned. The move followed an already lower production of series 300 in February in a bid to stabilise prices. 

In 2017, the company's series 300 stainless steel output accounted for 8-9% of China's production. Its output cut in February and March would account for close to 2% of the country's series 300 stainless steel supply. 

 


For editorial queries, please contact Daisy Tseng at daisy@smm.cn 
For more information on how to access our research reports, please email service.en@smm.cn

Key Words:  stainless steel