Business news from Ukraine

Business news from Ukraine

Global stainless steel production increased by 3% in 2025

Global stainless steel production in January-September this year increased by 3% compared to the same period last year, from 46.623 million tons to 48.020 million tons.

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

According to the information, in the third quarter of 2025, production reached 16.1 million tons, which is 2.3% more than in July-September 2024.

At the same time, stainless steel output in Europe decreased by 4.2% to 4.498 million tons during this period. In the US, production increased by 9.3% to 1.649 million tons.

In Asia (excluding China and South Korea), stainless steel production increased by 1.1% to 10.771 million tons, and in China, it increased by 4.7% to 30.453 million tons.

In other regions (Brazil, Russia, South Africa, South Korea, and Indonesia), production fell by 5.7% to 649,000 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 grew 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.

Earlier, the Experts Club information and analytical center released a video dedicated to global steel production and leading producing countries – https://www.youtube.com/shorts/VgUU9MEMosE

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World resumes production of stainless steel after two years of decline

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.

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

According to the information, global stainless steel production in 2024 in Europe 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 tonnes, while in China it rose by 7.5% to 39.441 million tonnes.

In other regions (Brazil, Russia, South Africa, South Korea and Indonesia), production increased by 9.2% to 7.820 million tons.

As reported, global stainless steel production in 2023 increased by 4.6% compared to 2022 to 58.444 million tons. In general, stainless steel production in Europe decreased by 6.2% to 5.902 million tons this year, and in the United States by 9.6% to 1.824 million tons.

At the same time, 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. In other regions (Brazil, Russia, South Africa, South Korea and Indonesia), production decreased by 5.2% to 7.163 million tons.

In 2022, global stainless steel production 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 in that year, 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. In other regions, production decreased by 9.1% to 7.557 million tons.

Stainless steel production in world increased by 2.5%

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.

Global stainless steel output down 5%

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.

Global stainless steel output down 5.2%

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.

Ukraine may allow bottling wine in containers made of aluminum and stainless steel – draft law

People’s deputies of Ukraine propose to modernize and synchronize the legislation in the Ukrainian wine industry in accordance with international standards, in particular to allow bottling wine in metal cans of food aluminum and kegs of aluminum and stainless steel.
The corresponding bill number 9030 “On Amendments to Certain Legislative Acts of Ukraine on the development of wine production and simplification of economic activity of small wineries” was registered in Parliament on February 17.
Among the authors of the document, in particular, the head of the parliamentary committee on finance, tax and customs policy Daniel Getmantsev, the head of the Verkhovna Rada Committee on Agrarian and Land Policy Alexander Haydu, head of the parliamentary committee on economic development Dmitry Natalukha and head of the parliamentary faction “Servant of the People” David Arahamia.
“The current legislation has norms for bottling wine products only in glass containers. Such norms indicate outdated national standards. In such economically developed countries of the world as USA, Great Britain and France it is allowed to pour wine in metal cans from food aluminum, and also kegs from aluminum and stainless steel. Therefore, taking into account current international practice, it is proposed to allow bottling wine in such packaging”, – clarify the authors of the draft law in the explanatory note to the document.
It is also proposed to cancel the need to obtain a license for the production of alcoholic beverages for small Ukrainian wine producers. Instead of licensing, it is proposed to establish a register of small producers of wine products, inclusion in which would be the basis for a business entity to acquire the status of a small producer of wine products.
The draft law No. 9030 proposes to eliminate a number of onerous existing requirements to material and technical base of small producers of wine products, as they buy raw materials of Ukrainian origin (grapes, fruits, berries, honey) for their activities which facilitates the development of agro-processing in the country.
In addition, it is assumed to simplify the reporting procedure for wine producers, from the current monthly to the annual, which will reduce the bureaucratic burden on them. At the same time, the responsibility of small producers of wine products will remain in the form of a fine for failure to submit or late submission of a report or submission of a report with inaccurate information about the volume of production and/or circulation (including import and export) of alcoholic beverages.
The authors of the draft law emphasize that the document is designed to bring national legislation in line with international practices and current trends in the wine industry, involves the removal of unjustified administrative barriers to the activities of producers of wine, fruit and/or honey drinks and allows for the creation of favorable conditions for the development of small production of wine products in Ukraine.
According to the explanatory note to the bill, by the time of its development in Ukraine there are only 26 small winemaking productions, while in 2013 their number reached a hundred, and in 2018 – 52. Thus, the wine industry in Ukraine is in decline, although Ukrainian producers at the international level demonstrate the high quality of their product and receive recognition and rewards.
“For example, in Italy there are 48 thousand small production of wine products, in France about 27 thousand, in Spain – almost 14 thousand in Georgia – more than 1 thousand. Even in countries with a less favorable climate for viticulture (or climatic conditions similar to Ukraine), their number is higher than in Ukraine. Thus, in Slovakia there are more than 28 thousand small wineries, in Germany – about 10 thousand, in Czech Republic – about 1,2 thousand, in Canada – 900, in Poland – 400, in the Netherlands – over 180 (and this number is constantly growing), “- say the authors of the bill.

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