World production of stainless steel fell by 2.5%

According to the statistics of the International Stainless Steel Forum (ISSF), the world production of crude stainless steel in 2020 amounted to about 50.89 million tons, which is 2.5% less than in the previous year.

Among them, production in Europe amounted to about 6.32 million tons, which is 7.1% less than a year earlier; that in the United States there were about 2.14 million tons, down 17.3% from a year earlier; that in China there were about 30.14 million tons, which is 2.5% more than a year earlier.

Production in Asia (excluding China, mainly Japan, India and Taiwan) was approximately 6.43 million tonnes, 18.6% less than last year, while other regions (Brazil, Russia, South Africa , South Korea). and Indonesia) amounted to 5.86 million tons, an increase of 3% over the same period last year.

Global crude stainless steel production grew quarter after quarter after falling in the second quarter of 2020 and reached its highest level in 2020 in the fourth quarter of approximately 14.13 million tonnes.

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