STAINLESS STEEL PRODUCTION REACHES 10.2 MILLION METRIC TONS IN QUARTER 1/2014

Brussels 10 July 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 Americas and by 5.5% to 0.1 mmt in Central and Eastern Europe.

Table 1: Stainless and heat-resisting melt shop steel production [000 metric tons]

RegionQuarter+/- %
  1/2013 4/2013 1/2014 q-o-q y-o-y

Western Europe/Africa

2,157

1,813

2,160

19.2%

0.2%

Central/Eastern Europe

67r

80r

71

-11.5%

5.5%

The Americas

598

630

670

6.2%

11.9%

Asia (w/o China)

2,170

2,301

2,234

-2.9%

3.0%

China

4,575

4,809

5,084

5.7%

11.1%

Total

9,568r

9,633r

10,219

6.1%

6.8%

r=revised

Source: International Stainless Steel Forum (ISSF)

http://www.worldstainless.org/statistics

Published: 10/07/2014
Last modified: 10/07/2014

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