In the fourth quarter of last year, world stainless crude steel output remained almost stable at 12.54 million mt quarter on quarter basis, increasing by 2.9 percent compared to the same quarter of the previous year, according to the preliminary report released by the International Stainless Steel Forum (ISSF).
In 2017, global stainless crude steel output rose by five percent year on year to 48.08 million mt.
According to the ISSF data, in the fourth quarter of last year, stainless crude steel production decreased by six percent in China and moved down by 3.8 in the US, while increasing by 6.6 percent in the Asia region excluding China and rising by 9.9 percent in Europe, all compared with the previous quarter.
Stainless crude steel production (x 1,000 metric tons):
|
Region |
|
Q-o-q change |
|
|
2017-Q4 |
2017-Q3 |
(%) |
|
|
1,830 |
1,665 |
9.9 |
|
|
US |
654 |
680 |
-3.8 |
|
China |
6,652 |
7,076 |
-6.0 |
|
Asia (excluding China and South Korea) |
2,105 |
1,975 |
6.6 |
|
Others |
1,304 |
1,140 |
14.4 |
|
TOTAL |
12,545 |
12,536 |
0.07 |