December China stainless steel production rose 9% from year ago

Published: Jan 8, 2020 11:24
China produced 2.4 million mt of stainless steel in December

SHANGHAI, Jan 8 (SMM) – China produced 2.4 million mt of stainless steel in December, down 1.65% from a month ago but up 9.05% from a year ago, showed SMM data.

Last month, production of 200-series in China dipped 0.54% to 807,600 mt, as a mill in the south was on maintenance.

Output of 300-series declined 4.25% to 1.12 million mt, as annual overhaul at Zhangjiagang Pohang and Delong in east China continued through to early December.

Production of 400-series rose 2.94% to 479,400 mt in December, as eastern mills recovered from environmental restrictions and as some shifted from 300-series to 400-series.

China’s production of stainless steel is expected to drop 13.51% to 2.08 million mt in January, to see a year-over-year increase of 4.26%.

This month, production of 200-series is likely to decrease 20.59% to 641,300 mt, and that of 300-series will shrink 12.71% to 974,100 mt as there are mills in the south to undertake annual maintenance. Output of 400-series is estimated to reduce 3.43% to 462,900 mt.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

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