SMM

According to SMM, the domestic stainless steel output totalled 3.1663 million mt in April, down 0.37% MoM but up 8.99% YoY. Specifically, the output of 200-series stainless steel was 865,700 mt (+22.91% MoM), versus 1.6385 million mt for 300- series (-3.16% MoM) and 662,100 mt for 400-series (+7.69% MoM).