China Stainless Steel Production Dropped 13.1% In Jan

China produced 2.09 million tonnes of stainless steel in January, down 13.06% from a month ago but up 4.8% from a year ago.

Routine maintenance at the end of December to early January, together with the Lunar New Year holiday, led to the sharp decline in production last month.

Production of 200-series stainless steel in China plunged 21.49% in January to 634,000 tonnes, as maintenance at a southern mill cut production by about 100,000 tonnes. Last month, output of 300-series declined 9.19% to 1.01 million tonnes, and that of 400-series fell 7.87% to 441,700 tonnes.
China's production of stainless steel is expected to shrink further in February, decreasing 3.61% on the month to 2.01 million tonnes, as the coronavirus outbreak prompts Chinese companies to delay their resumption. February's production is estimated to increase 2.64% from a year ago.

Output of 200-series stainless steel is likely to decrease 5.87% to 596,800 tonnes, that of 300-series will dip 0.31% to 1.01 million tonnes, and that of 400-series is estimated to fall 7.95% to 406,600 tonnes. (SMM)

10 Feb 2020 latest China Steel Price:

At noon of February 10, quotes of 304/2B cut-edge coil at state-owned companies stood at 14,800-15,100 yuan/mt in Wuxi, with offers of 304/2B raw-edge coil at private companies at 14,050-14,250 yuan/mt.