China’s stainless steel mills to cut production in December, weighing on chrome market

China’s stainless steel mills have started to, or plan to, reduce production due to weak demand and rising losses, market participants told Fastmarkets on Friday November 25, thereby putting pressure on the price of raw materials such as ferro-chrome and chrome ore.

An industry analyst estimated that total stainless steel production cuts in December would be above 150,000 tonnes. 

“Type 300 stainless steel will take some 110,000 tonnes of the...

Published

Jessica Zong

Tina Tong

November 29, 2022

08:41 GMT

Shanghai