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30% output cut–200 series stainless steel in China

:2015-12-03   : www.metalbulletin.com    :996    

Six major Chinese 200 series stainless steel producers have agreed to cut December output to boost the 200 series stainless steel price.

The producers will jointly cut December’s output by 30% after a meeting in Fu’an city, Fujian Province, according to a statement put out by China Stainless Steel Assn. The six major producers have also agreed not to dump low-price cargoes on the market, and will ask the Chinese government to stop approving new stainless steel smelting capacity, according to the…

For more information,please kindly refer to http://www.metalbulletin.com/Article/3510892/Major-Chinese-200-series-stainless-steel-producers-will-cut-output-by-30-in-December-[CORRECTED].html#ixzz3tF3naU3o