Stainless Steel in First Half 2012: 17.2 Million Tonnes
Oct 15, 2012
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Stainless steel crude steel production was stable in the first half of 2012, with a decrease of just 0.2% compared to the first half of 2011, according to preliminary figures released by the International Stainless Steel Forum (ISSF). Total production in the first six months of 2012 was 17.2 million metric tons (mmt).
In Asia (not including China) stainless steel production increased by 2.2% to 4.5 million tons.
There was a mixed performance in individual Asian countries: Korea and India showed increases in production while Japan and Taiwan.
China increased its stainless steel production in the first half of 2012 by 1.1% (after ISSF revisions) to 7.1 mmt.
Western Europe/Africa experienced a slight decrease in stainless steel production in the first half of the year, with production at 4.3 mmt, or down 0.5% from 1H 2011.
In The Americas region, stainless crude steel production decreased 13.4%% to 1.0 million tons. Production in the Eastern Europe region showed a drop of 9%, with now less than 0.2 mmt continuously on an almost negligible low volume level.
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