October 11, 2008

Ningbo Baoxin Stainless to cut production in December

YIEH reported that China’s Ningbo Baoxin Stainless Steel plans to reduce its production output in December 2007. Ningbo Baoxin Stainless Steel is expected to reduce by 10% to 15% in production to cope with the weak stainless steel market.

In fact, most of the China’s major stainless steel mills have planned to cut production in order to stabilize the market.