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According to SMM, the production of stainless steel in the PRC in November amounted to about 2.63 million tons, which is 14% higher compared to the previous month, but decreased by 10.2% compared to the same period last year.
From January to November, China's stainless steel production totaled 29.72 million tonnes, up 10.23% from last year.
The growth in production was due to the fact that production was resumed against the background of weakening electricity rationing in some regions. Among them, production of 200 series stainless steel increased significantly, up 164,000 tonnes from the previous month, mainly due to the recovery of production in Fujian and Guangxi.
Production of 300 series stainless steel increased 140,000 tons, or 11.3% from the previous month, mainly due to the resumption of production at a steel mill, a major 300 series producer, in Guangdong in mid-November, which had previously been suspended. ...
Production of 400 series stainless steel in November remained stable with minor changes.
