According to the Chinese consultancy Mysteel, which collects data from 33 leading national stainless steel producers, the production volume in March this year was 2.91 million tons. This is 3.3% less than the same month of the previous year, This is for the industry. a record so far.
Overall, Chinese companies produced 7.71 million tons of stainless steel in the first quarter. The savings from last year's program fell to 7.8% compared to 10.3% in the first two months.
Compared to February, production increased by 20.7% in some provinces due to the lifting of restrictions. However, the industry is still struggling with declining demand for stainless products and high nickel prices. According to Mysteel, the biggest increase in March was the production of 400 series nickel-free steel.
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