SMM

According to SMM survey, Chinese stainless steel output in February totalled 2.6077 million mt, up 24.57% MoM but down 7.81% YoY. These are productions by product and their changes: 200 series (709,000 mt, +3.2% MoM, -21.57% YoY); 300 series (1.394 million mt, -11.82% MoM, +5.44% YoY); 400 series (504,700 mt, -19.24% MoM, +12.03% YoY). In addition, Indonesian stainless steel production aggregated 425,000 mt in February, up 11.84% MoM and 51.79% YoY.