Production cuts lower #300 stainless steel output in Nov-Shanghai Metals Market

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Production cuts lower #300 stainless steel output in Nov

Data Analysis 02:39:01PM Dec 12, 2018 Source:SMM

SHANGHAI, Dec 12 (SMM) – Production cuts at a stainless steel mill in south China is likely to lower output of #300 stainless steel by 3.12% from October, to 1.17 million mt in November, an SMM survey found. 

Fresh cuts across other southern mills are expected to further weigh output of #300 stainless steel to 1.1 million mt in December, down 6.27% on the month. 

At the end of November, social inventories of stainless steel expanded 1.37% to 370,000 mt. Stocks of the #300 series grew 11.6% to 234,000 mt, above the annual average of 221,000 mt, SMM data showed. 

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Production cuts lower #300 stainless steel output in Nov

Data Analysis 02:39:01PM Dec 12, 2018 Source:SMM

SHANGHAI, Dec 12 (SMM) – Production cuts at a stainless steel mill in south China is likely to lower output of #300 stainless steel by 3.12% from October, to 1.17 million mt in November, an SMM survey found. 

Fresh cuts across other southern mills are expected to further weigh output of #300 stainless steel to 1.1 million mt in December, down 6.27% on the month. 

At the end of November, social inventories of stainless steel expanded 1.37% to 370,000 mt. Stocks of the #300 series grew 11.6% to 234,000 mt, above the annual average of 221,000 mt, SMM data showed.