Global stainless steel production in January-September 2023 increased by 2.5% compared to the same period in 2022 to 42.604 million tons, while production declined in all major regions except China, according to a press release from the International Stainless Steel Association (formerly the International Stainless Steel Forum, ISSF).
According to the information, in Europe, stainless steel production decreased by 8% in the first nine months of last year to 4.407 million tons in January-September 2022, and by 12.9% in the United States to 1.384 million tons.
In Asia (excluding China and South Korea), stainless steel production decreased by 12.4% to 4.937 million tons, while in China it increased by 13.4% to 26.606 million tons.
Other regions (Brazil, Russia, South Africa, South Korea and Indonesia) recorded a 13.2% decline in production to 5.270 million tons.
As reported, global stainless steel production in 2022 decreased by 5.2% to 55.255 million tons. At the same time, in Europe in 2022, production decreased by 12.4% to 6.294 million tons, and in the United States – 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, while in China it fell by 2% to 31.975 million tons.
Other regions recorded a 9.1% decline in production to 7.557 million tons.
