Global stainless crude steel production up 6% in Q1
Global stainless crude steel production in the first quarter of the year amounted to nearly 9.4-million metric tonnes, marking a 6% year-on-year increase, the International Stainless Steel Forum (ISSF) has found.
However, besides China, all steel-producing regions recorded lower output volumes in the year-on-year comparison. The highest drop was in the Asia region, excluding China, where production fell by 3.6% to 2.15-million metric tonnes, compared with the first quarter of 2012.
Eastern Europe reported a decline in stainless crude steel production of 3%, while stainless steel production in Western Europe and Africa fell by 2.8% to 2.15-million metric tonnes. The Americas region achieved production of 600 000 metric tonnes, almost on par with the previous corresponding period.
China significantly increased its production of stainless crude steel in the quarter by 18.3% to 4.4-million metric tonnes.
Meanwhile, the ISSF stated that comparing the final quarter of 2012 with the first three months of 2013 indicated that global stainless steel production levels were improving somewhat; however, it pointed out that production levels were somewhat depressed in the last quarter of 2012.
Quarter-on-quarter, Western Europe/Africa and the Americas increased production by 19.5% and 10.3%, respectively. Production in Asia, excluding China, was flat at 0.2%, while Eastern Europe’s output fell by 0.6% and that of China declined by 1.7%.
The ISSF indicated that the current perception was that markets would return to real demand levels with some restocking in the second half of the year. It expected a slight increase in global stainless steel production for the full year.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation