SHANGHAI, May 23 (SMM) – One stainless steel mill in southwest China adjusted production plan from April given poor demand in the stainless steel market, Shanghai Metals Market learns.
Stainless Steel Prices to Keep Falling on Inventory Pressures, SMM Reports
The plant, originally producing about 45,000-50,000 tonnes of stainless steel per month, has shifted to producing common-carbon steel. After the shift, the plant’s monthly stainless steel output is about 30,000 tonnes.
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