MONTHLY: China's August crude stainless output set to rise 3% MoM

Crude stainless output from the 43 Chinese mills under Mysteel's regular tracking is scheduled to reach 3.69 million tonnes this month, representing an on-month increase of 3.1% from their actual production in July. If achieved, the quantity would also make for an on-year rise of 11.3%, the most recent Mysteel survey results show.

The positive margins that the stainless makers are earning remain the primary motivator for the higher output, Mysteel Global learned. "Stainless steel is still profitable at present," a Mysteel analyst noted, adding that positive production and sales margins continue to encourage mills to maintain elevated operating rates. For example, Chinese producers