Global stainless steel production to increase by 4.9% in 2015

Global stainless steel production to increase by 4.9% in 2015

According to latest report from MEPS, the global stainless steel production is estimated to reach a record high in 2014, hitting 41 million tons.

The figure will exceed the record growth of 7.6% in 2013. Besides, the global stainless steel production in 2015 is expected to increase further by 4.9% to reach 43 million tons.

According to statistics, in 2014, except in South Korea, other steel production regions has the growth of output, especially for the US and Japan.

China’s stainless steel output is expected to touch 22.9 million tons in 2015, up by 5% year on year

 

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