Chinese And Taiwanese Austenitic Stainless Mills Likely To Cut Deeply Production In June

摘要

The Chinese and Taiwanese austenitic stainless steel mills seem to have reduced sharply their production in June. Production quantity of them in June is not known yet but at present, it is said that in Taiwan, Tang Eng Iron Works, YUSCO and so on are carrying out production cut by nearly 50%, and in China as well, Baoshan Iron & Steel is said to be addressing 50% reduction in production. It is not sure whether POSCO of Korea is now reducing its production but the company is said to make periodic revamping of its facilities for about one week in July, and if so, production is predicted to be cut to such an extent.