12 July 2024

Brussels 12 July 2024The world stainless association released figures for the first three months of 2024 showing that stainless steel melt shop production increased by 5.5% year–on–year to 14.6 million metric tons.

Stainless steel melt shop steel production [000 metric tons]

Region Quarter +/- % +/- %
1/2023 4/2023 1/2024 q-o-q y-o-y
Europe 1,636 1,502 1,558 3.7% -4.8%
USA 478 440 509 15.8% 6.5%
China 8,418 8,997 8,595 -4.5% 2.1%
Asia w/o China and S. Korea 1,631 1,943 1,842 -5.2% 12.9%
Others 1,665 1,891 2,081 10.1% 25.0%
Total 13,828 14,773 14,585 -1.3% 5.5%

Others: Brazil, Russia, S. Africa, S. Korea, Indonesia, r=revised
Source: worldstainless

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