Major Chinese 200 series stainless steel producers will cut output by 30% in December [CORRECTED]

Six major Chinese 200 series stainless steel producers have agreed to cut December output to boost the 200 series stainless steel price.

The producers will jointly cut December's output by 30% after a meeting in Fu’an city, Fujian Province, according to a statement put out by China Stainless Steel Assn. The six major producers have also agreed not to dump low-price cargoes on the market, and will ask the Chinese government to stop approving new stainless steel smelting capacity, according to the...

Published

Ellie Wang

December 02, 2015

11:53 GMT

Shanghai