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.
