Business news from Ukraine

Business news from Ukraine

Global stainless steel production in 2025 increased by 2.1% to 64.16 mln tons

27 February , 2026  

Global stainless steel production in 2025 increased by 2.1% compared to the previous year, reaching 64.157 million tons from 62.821 million tons.

These figures are provided in a press release from The World Stainless Association (formerly the International Stainless Steel Forum, ISSF).

According to the information, in the fourth quarter of 2025, production reached 16.330 million tons, while in the same period in 2024, 16.198 million tons were produced.

At the same time, stainless steel production in Europe decreased by 1.9% in 2025, to 5.659 million tons. In the US, production increased by 7.6%, to 2.099 million tons.

In Asia (excluding China and South Korea), stainless steel production last year increased by 2.7% to 55.313 million tons, and in China it increased by 3.6% to 40.868 million tons.

In other regions (Brazil, Russia, South Africa, the UK, and Ukraine), production fell by 11.3% to 1.086 million tons.

As reported, global stainless steel production in 2024 increased by 7% compared to 2023, to 62.621 million tons from 58.539 million tons, with production growing in all major regions.

At the same time, stainless steel production in Europe in 2024 increased by 1.5% to 6.088 million tons. In the US, production increased by 6.9% to 1.950 million tons. In Asia (excluding China and South Korea), stainless steel production increased by 6.4% to 7.322 million tons, and in China, it increased by 7.5% to 39.441 million tons. In other regions (Brazil, Russia, South Africa, South Korea, and Indonesia), production increased by 9.2% to 7.820 million tons.

Global stainless steel production in 2023 increased by 4.6% compared to 2022, to 58.444 million tons. Overall, stainless steel production in Europe fell by 6.2% to 5.902 million tons this year, and in the US by 9.6% to 1.824 million tons. Meanwhile, in Asia (excluding China and South Korea), stainless steel production decreased by 7.2% to 6.880 million tons, while in China it increased by 12.6% to 36.676 million tons. Other regions (Brazil, Russia, South Africa, South Korea, and Indonesia) saw a 5.2% decline in production to 7.163 million tons.

Global stainless steel production in 2022 decreased by 5.2% compared to 2021, to 55.255 million tons. At the same time, production in Europe fell by 12.4% to 6.294 million tons, and in the US by 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, and in China by 2% to 31.975 million tons. Other regions saw a 9.1% decline in production to 7.557 million tons.

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