In the third quarter of 2023, world stainless crude steel output increased by 2.2 percent quarter on quarter to 14.73 million mt, while in the first nine months of the year it increased by 2.5 percent year on year to 42.6 million mt according to the preliminary report released by the International Stainless Steel Forum (ISSF).
According to the ISSF data, in the first nine months last year stainless crude steel production increased by 13.4 percent in China and moved down by 12.4 percent in the Asia region excluding China and South Korea, while decreasing by 12.9 percent in the US and down by 8.0 percent in Europe, all compared to the first nine months of 2022.
Stainless crude steel production (x 1,000 metric tons):
Region |
|
Q-o-q change |
|
Y-o-y change (%) |
|||
2023-Q3 |
2023-Q2 |
2023-Q1 |
(%) |
2023-Jan-Sept |
2022-Jan-Sept |
||
1,271 |
1,495 |
1,640 |
-15.0 |
4,407 |
4,790 |
-8.0 |
|
US |
442 |
465 |
478 |
-4.9 |
1,384 |
1,589 |
-12.9 |
China |
9,594 |
8,956 |
8,055 |
7.1 |
26,606 |
23,457 |
13.4 |
Asia (excluding China and South Korea) |
1,619 |
1,687 |
1,631 |
-4.0 |
4,937 |
5,639 |
-12.4 |
Others |
1,800 |
1,808 |
1,662 |
-0.4 |
5,270 |
6,074 |
-13.2 |
TOTAL |
14,727 |
14,410 |
14,467 |
2.2 |
42,604 |
41,549 |
2.5 |