Source:Huakang Stainless steel
According to Huakang survey, Chinese stainless steel output in August totalled 2.6077 million mt, up 24.57% MoM but down 7.81% YoY.
These are productions by product and their changes:
200 series (709,000 mt, +3.2% MoM, -21.57% YoY);
300 series (1.394 million mt, -11.82% MoM, +5.44% YoY);
400 series (504,700 mt, -19.24% MoM, +12.03% YoY).
Some integrated stainless steel mills switched to production of 200 series whose profits were pushed up by rising prices and stable raw material prices. 200 series output in February hiked by 22,000 mt MoM. 300 series stainless steel, the mainstream product of stainless steel mills, saw a 187,000 mt drop from January amid the holiday fallout. Lowering operate rate of domestic state-owned enterprises during the holidays cut 400 series output in February by 120,300 mt MoM.
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