Maintenance, cutback to affect output of #300 stainless steel

SHANGHAI, Apr 17 (SMM) – About 100,000 mt of #300 stainless steel output will be affected as a stainless steel plant in north-west China undertakes maintenance and as a steelmaker in Fujian province cuts production, an SMM survey showed. 

Driven by losses and the market downturn, the plant will undergo maintenance for 50 days from mid-May.

The steelmaker in Fujian cut production from late March and is expected to resume operation by late April.

Monthly output of #300 stainless steel across China stood below one million mt, SMM data showed.

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