06
Sep
11:09
Output reduction supports Chinese stainless steel
With output reductions at many major steel mills becoming a reality, coupled with low inventories and high nickel prices, stainless steel spot and futures prices soared again on Monday, Kallanish notes.
Due to output reduction requirements, Beigang New Materials faces an additional 20% restriction on the basis of its September production, which had already been restricted.
Baosteel Desheng and Guangqing Technology have suspended production at one blast furna…
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Anonymous
Very good overview of the weekly steel market.
Anonymous