China's Stainless Steel Majors Cutting June Production?

摘要

There is speculation that China's major stainless steel manufacturers may have opted for June production cutbacks at their works toward a recovery of domestic market conditions for stainless steel products. In this connection, Jiuquan Iron & Steel Group Co and other stainless steel manufacturers are said to have voiced their intentions of reducing what they produce. It is understood, however, that Taiyuan Iron & Steel Group Co (Tisco) remains mum about any cutback in its production. Tisco represents the largest company in China's stainless steel industry.