SHANGHAI, Apr 11 (SMM) - According to SMM survey, Chinese stainless steel output totalled 2.68 million mt in March, down 5.41% MoM and 11.62% YoY. The output of 200-series stainless steel fell 3.65% MoM to 871,000 mt, 300-series dropped 7.35% MoM to 1.37 million mt, and 400-series declined 2.55% MoM to 439,000 mt.
In March, the high stainless steel social inventory was consumed slowly. Spot prices ran with some declines, gradually suppressing the prices of raw materials. Many stainless steel mills cut production on low profit margins.
