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[SMM data] the total output of stainless steel in March was about 2.03 million tons, down 13.23% from the same period last year.
Apr 8,2020 20:24CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM4, 8 March:

Due to the impact of the epidemic in February, enterprises across the country stopped production, and stainless steel production was also greatly reduced.In March, with the control of the epidemic and the resumption of production, the output of stainless steel plants in March increased from February to February, totaling 2.034 million tons, an increase of 13.08 percent over the same period last year, but compared with the same period last year, the output was still in a state of decline, down 13.23 percent from the same period last year.

Among them, the output of 200 series was 656800 tons, down 17.77% from the same period last year, 1.0053 million tons, down 12.41% from the same period last year, and 372000 tons, 2.34% from the same period last year.

With the control of the epidemic, the output of steel mills has gradually returned to normal. The planned output of stainless steel in April is about 2.16 million tons, a slight increase of 6.6 percent over March. However, some steel mills said that the production scheduling plan is still based on normal production, but the actual production is still based on downstream demand, does not rule out the possibility of a small reduction in production in mid-to late April.

According to research and understanding, at present, stainless steel inventory is high, demand has not been greatly improved, superimposed overseas epidemic spread is serious, import and export trade is restricted, part of the export volume may be released to the domestic market, once again increase the domestic stainless steel supply surplus, stainless steel is expected to remain in a weak state in the later stage.

 

 

 

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