Home / Metal News / Steel & Iron Ore / Jun maintenance to affect #200 stainless steel output by 50,000 mt 
Jun maintenance to affect #200 stainless steel output by 50,000 mt 
Jun 5,2019 14:39CST
industry news
Source:SMM
Maintenance will minimally cut the output of #300 series

SHANGHAI, Jun 5 (SMM) – Maintenance across stainless steel producers in June will cut some 50,000 mt of #200 series output, but is likely to have minimal impact on the output of #300 series, an SMM survey found on Tuesday June 4. 

This is likely to extend the weak fundamentals of nickel this month even as #200 stainless steel, with low-grade ferronickel and wastes materials as feedstock, consumes less nickel in production than the #300 series. 

Last week, demand for stainless steel failed to improve considerably though producers lower prices, and this drove inventories of the products to a record high across mills. Distributors reported poor trades of cold- and hot-rolled coil. 

Earlier this week, a major stainless steel producer in Guangxi province began annual maintenance on its steel and hot-rolled coil capacity as its revenues fell below costs in a falling market. 

Market commentary
Maintenance
Stainless steel

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news