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Japan and South Korea in production of stainless steel plant at full capacity
Supported by the demand for recovery, and now Japan and South Korea's steel plant at full capacity into production, but are still worried about tight scrap supply and higher finished goods inventory will gradually increase the pressure. CNMn. Nisshin Steel of Japan joint iron and steel company expects the company's stainless steel production during the period from April to June than the design capacity of 546,000 tons / year is even higher. CNMn. The company's main factory is located in the western Shunan crude steel production of varieties. CNMn.
The other stainless steel producers Nikkinko company has said that the company was to start in April this year, the rate in March from 90% to 100%, its monthly output to 30,000 tons. CNMn. And other Japanese manufacturers of stainless steel operating rates in 80-90% of basic. CNMn.
In addition, the only Korean Pohang Steel crude steel production plant is also planned to achieve full capacity this year, is expected to reach 1.8 million tons annual output by 2010, the company's output of 140-150 million tons last year. CNMn.
However, market analysts said the increase in steel production will face tight stainless steel scrap supply situation. CNMn. As low industrial production last year, the supply of stainless steel scrap declined. CNMn. However, with industrial production up again this year, expects its supply will be improved, but still can not match demand. CNMn. Some people worry that in this process, stainless steel inventories will be increased gradually. CNMn.
Stainless steel market, the recent increase in orders caused by increased demand. CNMn. Energy and the auto industry made the market's demand for stainless steel, but the construction industry is still very weak. CNMn. At the same time, the increase in steel orders is also because some sellers that their prices are stocking up space reasons. CNMn.
Stainless steel and its raw material prices of nickel, ferrochrome and molybdenum prices are closely related. CNMn. The more of these metals in the past month has been achieved rebound. CNMn. So steel market also performed well.
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