- China’s stainless steel output set to decline
- 300-series production faces steepest monthly cuts
SteelDaily: China’s crude stainless steel production is set to decline in December. Preliminary output from 43 major mills stood at 3.46 million tonnes (mnt) in November, slipping 1.6% m-o-m but still rising 4.2% y-o-y.
Series-wise production
The 200 series registered 995,000 tonnes (t), down 5.6% m-o-m. The 300 series recorded 1,793,800 t, edging lower by 0.34%.
The 400 series was the only gainer, reaching 670,400 t – up 1.61% m-o-m and a strong 25.43% higher y-o-y.
December production expected to fall 5%
Total crude stainless production for December is estimated at 3.29 mnt, a 5% m-o-m decline and 4.6% lower y-o-y. The steepest cut is expected in the 300 series, projected at 1.71 mnt – down 4.4% m-o-m and 7.6% y-o-y. The 400 series is forecast at 613,000 t, marking the sharpest monthly drop at 8.6%, while 200-series output is likely to ease to 958,000 t, down 3.7% m-o-m.
Overall, the anticipated reduction reflects a proactive move by Chinese mills to manage weak demand and trim inventories ahead of the year-end.
Note: This article has been published in accordance with a content exchange agreement between SteelDaily and BigMint.
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