Linyi Meide Gengchen to cut S.G. cast iron production

BEIJING (Asian Metal) 8 Apr 24 - Linyi Meide Gengchen Metal Materials Co.Asian Metal CopyrightG cast iron by about 4,000t MoM to around 80,000t in April because of decreased orders," revealed a source of the company, adding that they have zero stock at present, down from around 40,000t early last month.Asian Metal Copyright (Linyi Meide Gengchen), one of the major S.Asian Metal CopyrightG.Asian Metal CopyrightG.Asian Metal Copyright "We would cut the production of S.Asian Metal Copyright cast iron producers in Shandong, would reduce the output to around 80,000t this month.

"We would cut the production of S.G cast iron by about 4,000t MoM to around 80,000t in April because of decreased orders," revealed a source of the company, adding that they have zero stock at present, down from around 40,000t early last month.

With an annual production capacity of about one million tonnes of S.G.Asian Metal Copyright The mainstream prices of S.Asian Metal Copyright cast iron, Linyi Meide Gengchen produced around 930,000t in 2023 and about 189,000t in Q1 of this year.

The mainstream prices of S.G. cast iron Q10 remain at about RMB3,200-3,250/t (USD442-449/t) Inc-VAT EXW D/P in Linyi now, in line with last week.Asian Metal CopyrightBEIJING Asian Metal 8 Apr 24 - Linyi Meide Gengchen Metal Materials Co.Asian Metal Copyright Insiders predict that Chinese S.Asian Metal Copyright "We would cut the production of S.Asian Metal CopyrightG.Asian Metal Copyright Insiders predict that Chinese S.Asian Metal Copyright cast iron prices would drop in the coming week discouraged by weak demand and decreased raw material prices.

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