Stainless steel production reaches 10.2 million metric tons in quarter 1/2014

Stainless steel production reaches 10.2 million metric tons in quarter 1/2014

The International Stainless Steel Forum (ISSF) has released figures for Q1 2014 showing that stainless steel melt shop production increased by 6.8%  year-on-year to 10.2 million metric tons (mmt). Production increased in all regions.

 

With a y-o-y growth of 3.0% Asia (without China) produced 2.2 mmt Japan and South Korea recorded increases of 9.5% and 3.5% respectively. India and Taiwan, China were negative with –2.6% and -3.6% respectively. Stainless steel production in China increased by 11.1% to 5.1 mmt y-o-y. China produces about half of the world`s stainless steel.

 

Production in Western Europe and Africa increased by 0,2% to 2,2 mmt. France increased by 10.1%, but Germany declined by 18.9%. Italy by 2.4% and Austria by 2.0%.

 

Production increased by 11.9% to 0.7 mmt in the Americans and by 5.5% to 0.1 mmt in Central and Eastern Europe.

 

Source: http://www.worldstainless.or

 

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