China's crude stainless steel output rose 6.5% in the first quarter of 2018, while both exports and imports also increased in the period.
The country produced 6.53 million tonnes of crude stainless steel, up 399,000 tonnes from an adjusted 6.13 million tonnes in the first three months of last year, according to data released by the China Stainless Steel Council late on Friday April 27.Mills raised production as margins stayed in positive territory despite prices being lower than those a year...