The world stainless steel output in January-March 2023 decreased by 5% year-on-year to 13.665 million tons, with production declining in all major regions except China, according to a press release from the world stainless association (The world stainless association, formerly the International Stainless Steel Forum, ISSF).
According to the information, in Europe in the first quarter of this year, stainless steel production decreased by 12% to January-March 2022 – to 1.637 million tons, in the U.S. – by 16% – to 478 thousand tons.
In Asia (excluding China and South Korea), stainless steel smelting decreased by 16.6% to 1.631 million tons, while in China it increased by 4.1% to 8.273 million tons.
Other regions (Brazil, Russia, South Africa, South Korea and Indonesia) recorded a 19.8% decrease in production to 1.646 million tons.
As reported, the output of stainless steel in the world for 2022 decreased by 5.2% to 55.255 million tons. At the same time, in Europe in 2022, the output decreased by 12.4% by 20221 to 6.294 million tons, and in the U.S. – by 14.8% to 2.017 million tons. In Asia (excluding China and South Korea), stainless steel smelting decreased by 4.9% to 7.411 million tons, while in China it declined by 2% to 31.975 million tons.
Other regions recorded a 9.1% decrease in production to 7.557 million tons.
