Furnace closures in China's Dainan to cut SS supply

The forced closures of induction furnaces in Dainan county, a major stainless steel production center in East China's Jiangsu province, threatens to cause a temporary supply shortage of stainless bar and wire rod, market sources in the area tell Mysteel. Prices of austenitic wire rods have jumped over the past week following news of the crackdown.

The forced closures of induction furnaces in Dainan county, a major stainless steel production center in East China’s Jiangsu province, threatens to cause a temporary supply shortage of stainless bar and wire rod, market sources in the area tell Mysteel. Prices of austenitic wire rods have jumped over the