Stainless steel production reduced 13.1% due to coronavirus

  • Tuesday, February 11, 2020
  • Source:ferro-alloys.com

  • Keywords:Steel
[Fellow]ferro-alloys.com:Stainless steel production reduced 13.1% due to coronavirus

 

China delivered 2.09 million mt of stainless steel in January, down 13.06% from a month back yet up 4.8% from a year prior, indicated SMM information. Routine upkeep toward the finish of December to early January, together with the Lunar New Year occasion, prompted the sharp decrease underway a month ago. Generation of 200-arrangement stainless steel in China plunged 21.49% in January to 634,000 mt, as upkeep at a southern factory cut creation by around 100,000 mt. A month ago, yield of 300-arrangement declined 9.19% to 1.01 million mt, and that of 400-arrangement fell 7.87% to 441,700 mt. China's generation of stainless steel is relied upon to shrivel further in February, diminishing 3.61% on the month to 2.01 million mt, as the coronavirus episode prompts Chinese organizations to postpone their resumption. February's generation is evaluated to increment 2.64% from a year back.Yield of 200-arrangement tempered steel is probably going to diminish 5.87% to 596,800 mt, that of 300-arrangement will plunge 0.31% to 1.01 million mt, and that of 400-arrangement is assessed to fall 7.95% to 406,600 mt.

 

 

 

 

 

 

 

 

  • [Editor:janita]

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