Global stainless steel production in 2022 decreased by 5.2% y-o-y to 55.255 million tons, with production decreased in all major regions, according to a press release from The world stainless association (formerly International Stainless Steel Forum – International Stainless Steel Forum, ISSF).
According to the information, stainless steel production in Europe in 2022 decreased by 12.4% to 6.294 million tons in 20221, in USA – 14.8% to 2.017 million tons.
In Asia (excluding China and South Korea), stainless steel production decreased by 4.9% to 7.411 million tons, while in China it decreased by 2% to 31.975 million tons.
Other regions (Brazil, Russia, South Africa, South Korea and Indonesia) recorded a 9.1% drop in production to 7.557 million tons.
As it was informed the world volume of stainless steel production in 2021 increased by 10,6% in comparison with the previous year, up to 56,289 mln tons. Meanwhile, in Europe, stainless steel production for 2021 increased 13.6% to 7.181 million tons from 2020, and in the U.S. it increased 10.4% to 2.368 million tons. In Asia (excluding China and South Korea), stainless steel production rose 21.2% to 7.792 million tons, while China increased production by 1.6% to 30.632 million tons.
Other regions (Brazil, Russia, South Africa, South Korea and Indonesia) recorded a 42% increase in production, to 8.316 million tons.
