MONTHLY: China stainless output to rebound after October dip

China's crude stainless steel production is expected to rebound slightly in November after edging down in October, as fairly satisfactory production margins have weakened the incentive for mills to curb output, according to the latest Mysteel survey findings. Lower raw material prices have helped ease production costs and support mill profitability.

The 43 domestic stainless mills regularly tracked by Mysteel are scheduled to produce 3.54 million tonnes of crude stainless this month, up 1.5% from October's actual output and 1.2% higher year on year. By grade, 200-series output is forecast at 1.09 million tonnes, up 0.5% from October's actual output, which,