Beijing, Jun. 29(Antaike)-China's stainless steel output decreased 4% m-o-m but rose 14.5% y-o-y to 2.86 million tons in the first five months of 2021, Antaike data showed.

In particular, the output of 300 series increased by 2.7% m-o-m and 19% y-o-y to 1.5 million tons, that of 200 series dipped 10.3% and 1.2% y-o-y to 846kt and that of 400 series fell by 10.4% m-o-m but went up 34.69% y-o-y to 514kt, respectively.

This week Baosteel Desheng Stainless Steel Co., Ltd. changed half of its production capacity to carbon steel, leading to a drop in overall output. In addition, Taishan Steel Group Co., Ltd. also switched to carbon steel production. The 300 series output of Taiyuan Iron & Steel Group Co., Ltd. increased significantly, pushing up the growth of domestic 300 series output.

Antaike predicts the stainless steel output will still have a slight drop in June as some stainless steel mills are still producing carbon steel.

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