It was reported that China's stainless steel production capacity will be further released this year, and the pace of production capacity launch will speed up.

Although infrastructure, machinery and other areas will bring a certain increase in the downstream of stainless steel, the overall oversupply situation will not significantly improve.

In the current stainless steel industry environment, there were three issues that needed to be focused after the Chinese new year holidays. First, the situation of a new production capacity of 300 stainless steel. Second, the situation of production resumption of high nickel and iron plants. Third, the situation of nickel's destocking at ports.