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China production of stainless crude steel up by 21pct in H1

Stainless Steel Council of China Special Steel Enterprises Association announced China’s production of stainless crude steel in the H1 (January to June) of 2014 was 10.687 million tonnes up by 21.2% from the year earlier period.

The production of all types of steel was up from the year earlier period, which arose especially from the drastic increase in the production of nickel containing products (300 series).

The rough estimate on the quarterly production shows that the production of nickel containing products in the period from April to June made an all time high and the production of manganese containing products (200 series) also was up from the prior period. On the other hand, chrome containing products (400 series) was slightly down.

Besides, this announcement also reports the import and export volumes of stainless steel with its apparent consumption and the details are as shown in the table below.

Source – The TEX Report

(www.nctv.net)

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