China’s stainless steel output expected to drop in Jul
Views : 156
Update time : 2022-07-13 17:48:13
According to statistics, China’s stainless steel production totaled around 2.7 million tons in June this year, falling by 6.1% compared to the previous month and by 3.6% from the same month a year ago.
In spite of the easing supply shortages of nickel in July and better cost efficiency of raw materials, some of China’s steel mills are still under huge cost pressure due to previously procurement at higher prices.
It was understood that some steel mills are likely to further cut their production this month due to falling prices and weak demand. However, the cut might not be very big on improved profit margins.
China’s stainless steel production was expected to have a year-on-year decrease of nearly 12% in July.
The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today
Uzbekistan’s aluminium cans manufacturing unit to reduce dependency on imported aluminium packaging
Two contrast sequences set to boost China’s aluminium smelters’ profitability, offsetting tariff losses. What are they?
