In the second quarter of this year, world stainless crude steel output increased by 4.2 percent quarter on quarter to 13.28 million mt, while rising by 15.9 percent compared to the same quarter of the previous year, according to the preliminary report released by the International Stainless Steel Forum (ISSF). Meanwhile, in the first half of this year, world stainless crude steel output increased by 13.3 percent year on year, amounting to 26.06 million mt.
According to the ISSF data, in the first half of this year stainless crude steel production increased by 13.2 percent in China and moved up by 5.8 percent in the Asia region excluding China and South Korea, while increasing by 1.6 percent in the US and rising by 1.4 percent in Europe, all compared with the first half of 2017.
Stainless crude steel production (x 1,000 metric tons):
|
Region |
|
Q-o-q change |
|
Y-o-y change (%) |
||
|
2018-Q2 |
2018-Q1 |
(%) |
2018-H1 |
2017-H1 |
||
|
1,921 |
2,014 |
-4.6 |
3,935 |
3,882 |
1.4 |
|
|
US |
725 |
718 |
1.0 |
1,443 |
1,420 |
1.6 |
|
China |
7,116 |
6,524 |
9.0 |
13,640 |
12,046 |
13.2 |
|
Asia (excluding China and South Korea) |
2,098 |
2,079 |
0.9 |
4,177 |
3,950 |
5.8 |
|
Others |
1,427 |
1,439 |
-0.8 |
2,865 |
1,702 |
68.3 |
|
TOTAL |
13,286 |
12,744 |
4.2 |
26,060 |
23,000 |
13.3 |