China produces half of world stainless steel production in 2013

China produces half of world stainless steel production in 2013

China produces half of world stainless steel production in 2013

According to research by Steel Market Intelligence GmbH, China produced 20.5 million tons of crude stainless steel in 2013 as global output totaled 40 million tons even if the market demand was very low and unstable price trend.

China’s production in 2013 was up 17% year-on-year and was over half of the world’s stainless steel.

The main reasons to make China’s share of global stainless output increase was because many other stainless producers struggled with over-capacity and weak prices.

Source: Yieh Corp

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