Tisco steel: Stainless steel cold rolled output down 9.83% YoY in May, production scheduled for June expected to drop 3.68% YoY - Shandong Jiugang Tisco Steel Co., Ltd.

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Tiscosteel:Stainlesssteelcoldrolledoutputdown9.83%YoYinMay,productionscheduledforJuneexpectedtodrop3.68%YoY-ShandongJiugangTiscoSteelCo.,Ltd.

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Tisco steel: Stainless steel cold rolled output down 9.83% YoY in May, production scheduled for June expected to drop 3.68% YoY

I. May domestic 34 stainless steel cold-rolled mills production fell 9.83% YoY


According to Tisco steel research, in May 2022, the domestic 34 stainless steel cold rolled production totaled 1.1258 million tons, down 9.83% YoY, down 6.08% YoY. May domestic 34 stainless steel mills capacity utilization rate of 73.7%, down 8.04% YoY.

 

May stainless steel cold rolled production of three series are showing a downward trend, of which the 300 series drop is the most obvious, followed by 200 series, 400 series drop is relatively small.

200 series production 385,500 tons, down 9.74%, down 10.26% year-on-year. The current high production costs of steel mills, the 200 series of the three departments of the worst profits. In addition, downstream demand is weak, oversupply situation, inventory continues to be high, the spot price oscillation weak running, steel mills to reduce losses and inventory pressure, there are maintenance to reduce production action. In addition, the epidemic also had an impact on the transportation of cold rolled materials. In May, the 200 series cold rolled down the most obvious amount is a cold rolling mill in southern China, mainly due to low profit steel production enthusiasm is not high.

The 300 series production of 597,400 tons, a 12.12% reduction in the ring, down 4.03% year-on-year. May in the epidemic interference, part of the cold rolling mill production of raw materials transport affected. In addition, the 300 series market continued to weaken in May, stainless steel high cost, high inventory, low profits, low demand pattern is difficult to break, in order to reduce the risk of some steel mills take the initiative to reduce production in response. In addition, some mills in May have maintenance plans, production has been affected to a certain extent. 300 series of the most obvious drop in the amount of a steel mill in East China, on the one hand, because of the impact of maintenance production, in addition to the steel mill inventory pressure, take the initiative to reduce production to relieve inventory capital pressure.

The 400 series production of 232,900 tons, a 3.56% decrease in the ring, a 3.24% decrease year-on-year. 400 series cold rolled production in May slightly decreased, the current three systems in the 400 cold rolled the best profit. Due to weak end demand, downstream household appliances and other products enterprises orders shrink, the overall performance of oversupply, some steel mills have reduced production, mainly in the northwest a steel mill.

Second, in June the domestic 34 stainless steel cold rolled mill row production is expected to decline 3.68% ringgit

 

According to Tisco steel  research, June 2022 domestic 34 cold-rolled stainless steel mills cold rolling row production is expected to be 1.171 million tons, is expected to reduce 3.68% ringgit, is expected to reduce 6.2% year-on-year.

 

In June, the 200 series and 400 series have been reduced to varying degrees, and the 300 series is expected to increase slightly. 348,000 tons of 200 series production is expected to decrease by 9.73% YoY, and is expected to decrease by 3.95% YoY. 200 series reduction is mainly reflected in the Green Mountain series mills, and a cold rolling mill in South China is expected to be overhauled for 15 days in June, which is expected to affect 201 cold rolled production by about 20,000 tons.

The 300 series row production 610,000 tons, is expected to increase 2.11% ring, is expected to reduce 10.16% year-on-year. 300 series in a small increase, the increase is mainly for a mainstream steel mills in East China, the steel mill in May to reduce production more, in June to restore part of the production. The current epidemic is improving, traffic and production across the country has some recovery, with the resumption of work after the epidemic, stainless steel community library gradually digested, according to Mysteel’s latest inventory shows that the national mainstream market stainless steel social inventory total of 90.04 million tons, down 1.55% week-on-week. The resumption of work after the epidemic brings demand expectations, stainless steel production increased slightly, but there are also some steel mills due to high production costs profit losses or poor order acceptance and reduce production.

The 400 series row production 213,000 tons, is expected to reduce 8.54% ring, is expected to increase 2.85% year-on-year. 400 series due to poor steel mill orders, 400 series mainstream steel mills are slightly lower adjustment.

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