MONTHLY: China's stainless steel output dips 0.3% MoM in April

China's crude stainless steel production in April slipped slightly from the previous month to register 3.5 million tonnes, ending a two-month rising streak, according to Mysteel's latest survey of 43 domestic stainless steel producers under its regular tracking.

The April volume logged a marginal 0.3% decline from March but remained firmly on an upward year-on-year trajectory, representing an 8.74% increase from April 2024. Among the three main grades, only the output of austenitic stainless steel witnessed a monthly drop, slumping by 77,500 tonnes or 4.08% to 1.82 million tonnes. In contrast, output