20
Feb
07:32
Posco Zhangjiagang suspends production
Posco Zhangjiagang Stainless Steel has announced a six-day suspension of production for all lines starting 20 February. This is expected to reduce about 20,000 tonnes of crude stainless steel output, Kallanish notes.
The main reason for the move is that, although stainless steel raw materials are firm, stainless steel products prices have been weakened by the outbreak of COVID-19, the company says. The mill is struggling to maintain profits, while a…
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Anonymous
Very good overview of the weekly steel market.
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