Photo by: Bloomberg
Global stainless steel melt shop production increased by 8.3% year-on-year, to 41.7-millions tonnes in 2014, the International Stainless Steel Forum (ISSF) revealed on Tuesday.
Output had increased in all regions except for Central and Eastern Europe, where output fell by 6.3% year-on-year to 296 000 t, compared with 277 000 t in 2013. In 2012, the region had produced 359 000 t of stainless steel.
The biggest growth was experienced in the Americas, where production increased by 14.6% year-on-year to 2.8-million tonnes.
Asia, excluding China, saw a 0.6% year-on-year increase in output to 9.3-million tonnes of stainless steel, while China grew its production by 14.3% year-on-year to 21.6-million tonnes.
The ISSF noted that production in Western Europe and Africa increased by 1% year-on-year to 7.5-million tonnes.