China's stainless sector decides on cutting CR

Wednesday, 27 April 2005 11:11:19 (GMT+3)   |  
       

China's stainless sector decides on cutting CR

The six major stainless steel producers of China have reportedly held a meeting in Shanghai, where they decided to reduce cold rolled stainless steel production 50% in order to keep their prices at its current level in May. The weak demand for cold rolled stainless steel and higher prices of hot rolled stainless steel caused to a decline in the profit margins of these companies obtained from cold rolled stainless steel trade. The steelmakers are worried that excessive inventory of cold rolled stainless steel would lead to further price decreases in cold rolled steel segment, where they already have a small profit margin.

Similar articles

Flat steel prices in local Taiwanese market - week 13, 2024

28 Mar | Flats and Slab

Flat steel prices in local Taiwanese market - week 12, 2024

21 Mar | Flats and Slab

Flat steel prices in local Taiwanese market - week 11, 2024

14 Mar | Flats and Slab

Flat steel prices in local Taiwanese market - week 10, 2024

07 Mar | Flats and Slab

Flat steel prices in local Taiwanese market - week 9, 2024

29 Feb | Flats and Slab

Flat steel prices in local Taiwanese market - week 8, 2024

22 Feb | Flats and Slab

Flat steel prices in local Taiwanese market - week 6, 2024

08 Feb | Flats and Slab

Flat steel prices in local Taiwanese market - week 5, 2024

01 Feb | Flats and Slab

Flat steel prices in local Taiwanese market - week 4, 2024

25 Jan | Flats and Slab

Flat steel prices in local Taiwanese market - week 2, 2024

11 Jan | Flats and Slab