Worldwide stainless steel crude steel production increased 29% in the first 9 months of 2010 over the same period in 2009 according to today's preliminary figures from the International Stainless Steel Forum (ISSF). Total production for the first nine months of 2010 was 23.0 million metric tons (mmt), up from 17.9 mmt in the first nine of 2009. ISSF reported that all major regions showed significantly higher production volumes.
Performance by region:
Asia (China excluded: stainless steel production increased 28% to 6.4 million tons. Individual Asian producing country growth rates were between 7% and roughly 40%.
China: stainless steel production increased 26.5% in the first nine months of 2010, to 8.3 mmt. China now accounts for about 36% of the world’s stainless steel production (down from about 37% at the same time a year ago).
Western Europe/Africa: stainless steel production increased 29.6% in the first nine months of 2010 to 6 mmt.
Americas region: stainless crude steel production grew by 38.2% to 2 million tons in the first three quarters of the 2010.
Eastern Europe: production increased 44.2% for a total of just 0.25 mmt.
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