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Global stainless steel output contracts 0.3% y/y in 2015

Global stainless steel output contracts 0.3% y/y in 2015

Photo by Duane Daws

15th April 2016

By: Natasha Odendaal

Creamer Media Senior Deputy Editor

  

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Global stainless steel and heat-resisting melt shop production for 2015 edged down some 0.3% year-on-year to 41.5-million tons, with declines across the board - barring Asia with the exception of China - the latest figures from the International Stainless Steel Forum (ISSF) showed.

Data from ISSF, released this week, showed that output of stainless steel in Asia, excluding China, ticked up 1.4% from 9.3-million tons in 2014 to nearly 9.5-million tons in 2015.

China, however, recorded a 0.6% decrease in production, from 21.69-million tons in 2014, to 21.56-million tons in the year under review.

During 2015, stainless and melt shop steel output from Western Europe/Africa decreased 0.7% to 7.51-million tons, from the 7.57-million tons achieved in 2014.

Central/Eastern Europe’s output contracted 6.3% from 277 000 t to 259 000 t, while production from the Americas was down 2.3% to 2.7-million tons in 2015, from 2.8-million tons the year before.

Edited by Creamer Media Reporter

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