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Stainless Steel Production and Supply Steel Mill Resumes Production: On April 16, 2025, the steel – making branch of a stainless steel plant in East China that had been under maintenance was about to end the maintenance, and production was expected to resume this week, mainly affecting the output of 201 – series stainless steel. Overall Production Trend: In April, affected by environmental protection emission policies, some stainless steel producers carried out equipment upgrades and maintenance, which affected production to some extent. Overall, stainless steel mill production in April is expected to show a slight decline, down 0.61% month – on – month but still up 11.87% year – on – year. Stainless Steel Market and Inventory Market Inventory Changes: On April 17, 2025, the total inventory of the stainless steel market in Foshan was 338,900 tons, a week – on – week decrease of 1.24%. Among them, the inventory of the 200 – series was 105,900 tons, a week – on – week increase of 2.12%; the inventory of the 300 – series was 190,600 tons, a week – on – week decrease of 3.44%; the inventory of the 400 – series was 42,400 tons, a week – on – week increase of 0.82%. On the same day, the total social inventory of the mainstream stainless steel market nationwide was 1.0867 million tons, a week – on – week increase of 0.21%. The total inventory of cold – rolled stainless steel was 689,300 tons, a week – on – week decrease of 1.85%; the total inventory of hot – rolled stainless steel was 397,400 tons, a week – on – week increase of 4.00%. Market Transactions: Downstream customers maintain a just – in – time procurement rhythm, and the production of stainless steel crude steel is expected to increase. The social inventory is still at a relatively high level, and the delivery – warehouse inventory is increasing significantly, with a relatively loose supply – demand situation. Stainless Steel Raw Materials Nickel Iron Price Changes: The Indonesian government will officially implement the new nickel product royalty policy on April 26. It is expected that the nickel iron price will rise under the influence of the PNBP policy. Recently, the transaction price of high – nickel pig iron in a stainless steel plant in North China is 980 yuan / nickel point (including tax at the bottom of the cabin). Chromium Iron Market: South African chrome ore has limited supply, and miners are reluctant to sell, so the chromium iron price has remained stable recently. International Trade – related News The US Announces the Subsidy Rate for South Korean Stainless Steel Products: On April 16, 2025, the US Department of Commerce released the final results of the administrative review, determining that certain South Korean producers / exporters of stainless steel sheet and strip in coils received countervailable subsidies during the review period from January 1, 2022, to December 31, 2022. Hyundai BNG Steel Co., Ltd. received a subsidy rate of 0.57%, and Hyundai Steel Company and Geum Ok Tech. Co., Ltd. will be subject to a duty rate of 2.47% and 17.04%, respectively. In a word, if you have any steel inquiry, talk with our company freely!