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Chinese crude stainless steel output up by 9.4pct YoY in Jan-Sep
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Wednesday, 21 Nov 2012
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According to Stainless Steel Council of China Special Steel Enterprises Association, crude stainless steel production during the first nine months (January to September) 2012 was 11.4070 million tonnes, up by 9.4% YoY, comprising Cr Alloyed (400's): 2.3166 million tonnes (up by 6.7% YoY, Ni Alloyed (300's): 5.6920 million tonnes (up by 2.8% YoY) and Mn Alloyed (200's): 3.3986 million tonnes (up by 25.1% YoY).

The council also reported that imports of SUS products during the period were 610,000 tonnes (down by 19.2% YoY), while exports were 1,497,000 tonnes (down by 14.6% YoY) and that apparent consumption during the period was 9.1438 million tonnes. It is to be noted that there is lack of consistency with the past data released in the statistics of this year because this year's data were made based on a wider range of samples, therefore the ups and downs in the comparisons are for guidance only.

According to a media report, production of crude stainless steel in September was 1,258,000 tonnes (up by 1.5% MoM), with imports of 70,000 tonnes (down by 12.3% MoM) and exports of 188,000 tonnes (up by 13.9% MoM), while apparent consumption in September 2012 was 950,000 tonnes (down by 1.8% MoM) and 2,915,000 tonnes in the Q3 (July to September) 2012, up by 9.6% YoY.

Another media report says that the production of crude stainless steel in September 2012 was 400's: 262,000 tonnes, 300's: 604,000 tonnes and 200's 345,000 tonnes and that September 2012 production by major four SUS mills in China i.e. TISCO, Baosteel excluding Desheng's output, JISCO and Zhangjiagang POSCO totaled 605,000 tonnes. There was no mention of comparisons with the records of the preceding month.

Source - TEX Report Limited

(www.steelguru.com)

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