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Global stainless steel output down 1.7 percent in H1

Thursday, 26 October 2023 11:48:09 (GMT+3)   |   Istanbul

In the second quarter of this year, world stainless crude steel output increased by 7.8 percent quarter on quarter to 14.76 million mt, while in the first half of the year it decreased by 1.7 percent year on year to 28.4 million mt, according to the preliminary report released by the International Stainless Steel Forum (ISSF).

According to the ISSF data, in the first half this year stainless crude steel production increased by 8.2 percent in China and moved down by 14.6 percent in the Asia region excluding China and South Korea, while decreasing by 13.5 percent in the US and down by 13.4 percent in Europe, all compared to the first half of 2022.  

Stainless crude steel production (x 1,000 metric tons):  

Region  

   

 Quarter  

   

2023 - Q1  

2023 – Q2  

2022 – H1  

2023 – H1  

Y-o-y change (%)  

Europe  

1,640  

1,495  

3,621  

3,136  

-13.4%  

USA  

478  

465  

1,089  

942  

-13.5%  

China  

8,273  

9,314  

16,251  

17,587  

8.2%  

Asia w/o China and S. Korea  

1,631  

1,687  

3,887  

3,318  

-14.6%  

Others  

1,662  

1,799  

4,083  

3,462  

-15.2%  

Total  

13,685  

14,759  

28,931  

28,444  

-1.7%  


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