15
Dec
10:50
Chinese mills cut output to support stainless prices
Following an extended period of price declines, China's major stainless steel plants have begun to reduce production to support prices. This so far mainly affects the supply of 200 series stainless steel until March 2022, Kallanish notes.
Baosteel Desheng was the first to take action on Monday and decided to continue operation of only one blast furnace until March next year. This will result in a circa 60% supply reduction during the period. Other ma…
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Anonymous
Very good overview of the weekly steel market.
Anonymous