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Baosteel Desheng to reduce output by 50%

2020-02-27 02:53:06

Beijing, February 26 (Antaike)-A rumor claims on Feb 20 that Baosteel Desheng Stainless Steel Co., Ltd. (Baosteel Desheng) has begun to reduce stainless steel production by about 50%, mainly considering unsmooth logistics, delayed resumption of downstream work, the lack of raw materials supply and other factors. At present, the stainless steel output only remains at 80kt per month. The production reduction is tentatively scheduled for one month, and the production adjustment will be made later according to the supply and demand of stainless steel industry.


Baosteel Desheng Stainless Steel Co., Ltd. (hereinafter referred to as "Baosteel Desheng") was formerly Fujian Desheng Nickel Industry Co., Ltd. settled in Jingang Industrial Zone in 2005.In March, 2011, the former Baosteel Group invested and held the company. At present, it has formed an annual production capacity of more than 1.2 million tons of hot-rolled stainless steel and 400,000 tons of cold-rolled stainless steel.




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