Global growth in stainless steel output

Wednesday, 03 September 2003 11:44:02 (GMT+3)   |  

Global growth in stainless steel output

According to industry reports, the stainless steel production is forecasted to grow by 4% this year and reach 21 million tons. The production is expected to further grow in 2004 and reach 22.5 million ton levels. Asia contributes with 9 million tons to the production of this year, West Europe and Africa with 8.5-9 million tons, the US with 2.5-3 million tons and Middle Europe and East Europe with 200'000 mts. Asian stainless production is expected to reach 9.9-10 million tons in 2004, while the production in West Europe and Africa is forecasted to be at around 9.5 million mts next year.

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