Mumbai, 23 April (CommoditiesControl): China's steel industry is bracing for a temporary setback as scheduled maintenance activities are expected to impact production levels over the next two weeks. Analysts at SMM, a prominent metals industry research firm, forecast a decline primarily affecting pig iron, rebar, and hot-rolled coil (HRC) output.
Pig Iron and Rebar Production:
During the week of April 20-26, an estimated 1.48 million metric tons (mt) of pig iron production is anticipated to be lost, with a further decline of 1.36 million mt projected for April 27-May 3. Rebar production is also set to experience reductions, with an estimated loss of 1.55 million mt during April 20-26 and 1.43 million mt during April 27-May 3.
Hot-Rolled Coil (HRC) Production:
Maintenance-related production losses for HRC are expected to increase, with an estimated loss of 90,400 mt projected for April 20-26 and 161,000 mt for April 27 May 3. These figures represent significant increases from the previous week.
(By Commoditiescontrol Bureau; +91-9820130172)
0 Comments 
Post Comment 
