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China's Foshan stainless steel operating rate recovers to 90%

12 Mar 2020 13:47 reported by Claude Tseng

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According to understanding, the operation of China's Foshan stainless steel trader and downstream factories increased obviously compared to last week. The Foshan stainless steel operating rate recovered to almost 90%. Although some still affected by the epidemic, the steel production performance didn't have much impact.

At the same time, the transportation demand also resumed in March. The steel inventory still remained at a high level. Therefore, the steel price was low now.

However, the epidemic was controlled by China's government in recent days. It was expected that China's steel demand will recover in the next half of 2020.

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