Sep 25, 2012
First half stainless steel production stable – ISSFBack
Africa|Stainless Steel|Africa|Americas|Asia|China|India|Japan|Korea|Taiwan|Stainless Steel Production|Steel|Eastern Europe|Western Europe
© Reuse this
China increased its stainless steel production by 1.1% to 7.08-million tons in the first six months of the year, while the rest of Asia boosted output by 2.2% to 4.5-million tons.
There was a mixed performance by the individual Asian countries in the period under review, the ISSF stated. While Korea and India showed increased production volumes, stainless steel production decreased in Japan and Taiwan, China.
The Western Europe/Africa region also experienced shrinking development in stainless steel production during the first six months of 2012. Total production was 4.3-million tons, or 0.5% less than a year earlier.
Also in this area there was a split development showing production changes from plus 11% to minus 14% after the first half of 2012.
Production in the Eastern Europe region showed a drop of 9%, with less than 0.2-million tons, recurrently, on an almost negligible low volume level.
Quarter-by-quarter comparison shows a more positive development of stainless steel melting activities, the ISSF reported. All regions, except Western Europe/Africa, showed increased melting volumes in the second quarter compared with the previous quarter.
China increased the stainless production quarter-on-quarter by 6.3%, while the rest of Asia showed quarter-on-quarter growth of 0.5%. The Americas reported a 0.9% increase , while Western Europe/Africa reduced production significantly by 6.9% quarter-on-quarter.
The globally achieved volume of 8.66-million tons was the highest ever achieved production level for a second quarter.
Edited by: Mariaan Webb© Reuse this Comment Guidelines (150 word limit)
Updated 1 hour 44 minutes ago Oil producer Soco International has reduced its 2015 capital expenditure budget by more than 60% versus last year and will focus on projects in Vietnam and Africa, the company said. It also cut its production guidance for this year to reflect weaker output from some...
Updated 4 hours ago The chances of power cuts being implemented on Thursday were minimal, electricity supplier Eskom said. "Today's risk of load shedding is minimised, it looks like the system is relatively stable," spokesperson Khulu Phasiwe said.
Recent Research Reports
Liquid Fuels 2014 - A review of South Africa's Liquid Fuels sector (PDF Report)
Creamer Media’s Liquid Fuels 2014 Report examines these issues, focusing on the business environment, oil and gas exploration, the country’s feedstock supplies, the development of South Africa’s biofuels industry, fuel pricing, competition in the sector, the...
Water 2014: A review of South Africa's water sector (PDF Report)
Creamer Media’s Water 2014 report considers the aforementioned issues, not only in the South African context, but also in the African and global context, and examines the issues of water and sanitation, water quality and the demand for water, among others.
Defence 2014: A review of South Africa's defence industry (PDF Report)
Creamer Media’s Defence 2014 report examines South Africa’s defence industry, with particular focus on the key participants in the sector, the innovations that have come out of the sector, local and export demand, South Africa’s controversial multibillion-rand...
Road and Rail 2014: A review of South Africa's road and rail infrastructure (PDF report)
Creamer Media’s Road and Rail 2014 report examines South Africa’s road and rail transport system, with particular focus on the size and state of the country’s road and rail network, the funding and maintenance of these respective networks, and the push to move road...
Real Economy Year Book 2014 (PDF Report)
This edition drills down into the performance and outlook for a variety of sectors, including automotive, construction, electricity, transport, steel, water, coal, gold, iron-ore and platinum.
Real Economy Insight: Automotive 2014 (PDF Report)
This four-page brief covers key developments in the automotive industry over the past 12 months, including an overview of South Africa’s automotive market, trade figures, production and the policies influencing the sector.
This Week's Magazine
Three-dimensional (3D) printers being sold in South Africa by electronics distributor Rectron currently print in two types of plastic, but have a clear upgrade path over the next five years to eventually print in wood, ceramics and metal-alloy materials, says Rectron...
The world’s two dominant commercial aircraft manufacturers, Airbus of Europe and Boeing of the US, both recently announced that they had made record aircraft deliveries in 2014. Boeing set a global record for the industry with 723 commercial aircraft delivered, while...
The Western Cape is shifting further into the renewable-energy space with the official opening of a factory specialising in solar inverters, a key component of solar photovoltaic (PV) plants. The investment in the manufacturing facility in Cape Town aims to boost the...
Business Leadership South Africa (BLSA) last month welcomed Cabinet’s establishment of a technical team war room to undertake various interventions to improve electricity supply security over the short- and medium-term, but added that the private sector also had a...
Despite a rapid rise in mobile connections and the economic and social benefits of such connectivity, more than half of the world ended 2014 unconnected. For this reason, industry commentators believe the biggest impact of mobile technology is still to come –...