In the third quarter last year, world stainless crude steel output increased by 2.2 percent quarter on quarter to 13.69 million mt, while rising by 3.8 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 nine months of this year, world stainless crude steel output increased by 3.4 percent year on year, amounting to 39.8 million mt.
According to the ISSF data, in the first nine months of the last year, stainless crude steel production increased by 11.7 percent in China, while decreasing by 5.4 percent in the Asia region excluding China and South Korea, and falling by 7.5 percent in the US and by 7.2 percent in Europe, all compared with the same period in 2018.
Stainless crude steel production (x 1,000 metric tons):
|
Region |
|
Q-o-q change |
Y-o-y |
|
|
Y-o-y |
||
|
2018-Q3 |
2019-Q2 |
2019-Q3 |
(%) |
(%) |
2018- |
2019- |
(%) |
|
|
1,703 |
1,842 |
1,492 |
-19.0 |
-12.4 |
5,638 |
5,234 |
-7.2 |
|
|
USA |
741 |
647 |
669 |
3.4 |
-9.7 |
2,183 |
2,019 |
-7.5 |
|
China |
7,241 |
7,670 |
8,135 |
6.1 |
12.3 |
20,129 |
22,490 |
11.7 |
|
Asia (excluding China and South Korea) |
2,043 |
1,938 |
1,980 |
2.2 |
-3.1 |
6,212 |
5,879 |
-5.4 |
|
Others |
1,456 |
1,306 |
1,412 |
8.1 |
-3.0 |
4,324 |
4,188 |
-3.1 |
|
TOTAL |
13,184 |
13,404 |
13,693 |
2.2 |
3.8 |
38,486 |
39,809 |
3.4 |