MONTHLY: China's stainless output falls in July but reverse tipped

China's crude stainless steel output declined for a fourth straight month in July, with 200- and 300-series products accounting for all the drop, the latest Mysteel data indicate. August should record a rise, however.

Total crude stainless output last month reached around 3.21 million tonnes, representing a drop of 80,800 tonnes or 2.5% from June, according to the results of Mysteel's most recent survey among the 43 stainless producers it regularly tracks nationwide. Compared with July last year, total output also fell by