Stainless Steel Production Will Continue To Decline During The Spring Festival

- Jan 11, 2019 -

Near the Spring Festival, production in January continues to drop

In December, the amount of stainless steel flat steel crude steel decreased by 38,000 tons to 2.879 million tons, a decrease of about 1.8%; a year-on-year decrease of 49,000 tons, a decrease of 2.3%. (including 17 wide board companies, 12 narrow belt manufacturers)

According to the preliminary data of 51bxg, it is expected that this output will continue to decrease by 110,000 tons to 1.69 million tons in January, a decrease of 8.2% year-on-year.

 

300 series production plummeted to one year ago
In December, 300 series of flat steel crude steel was 985,000 tons, a decrease of 16,000 tons, a decrease of 1.6%; an increase of 60,000 tons, an increase of 6.5%. In January, Qingshan Group plans to reduce its output by 20%, mainly 304 stainless steel. It is expected that the output of 300 series will continue to decrease by 94,000 tons to 891,000 tons, a decrease of 0.7% compared with the same period of last year, almost equivalent to the output in January 2018.


In February, Dongte overhauled, and during the Spring Festival, due to the short sales period, some steel mills reduced production. It is expected that the output of the 300 series will remain at a low level in February. The long-suffering 300-series supply pressure has finally been greatly released, and we can't help but sigh, the 300 series goods are finally not much.

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Poor profit, 200 series production continues to drop
In December, 200 flat steel crude steel volume was 720,000 tons, a decrease of 0.4 million tons from the previous month, a decrease of 0.5%; a decrease of 37,000 tons, a decrease of 4.9%. The 200 series production has been in a stable period, and it is expected to continue to decrease by 37,000 tons to 683,000 tons in January, a decrease of 16.5% year-on-year. In recent months, the supply pressure of the 200 series has gradually eased, and the market has improved. Even some varieties have started to rise due to shortage of goods, which has alleviated the cost pressure to some extent.

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