Global Stainless Steel Production in 2020 Decreases by 2.5% YoY
The International Stainless Steel Forum has released figures for the full year 2020 showing that stainless steel melt shop production decreased by 2.5% YoY to 50.9 million tonnes.
China – 30.139 million tonnes up 2.5% YoY
Asia (w/o China and S Korea) – 6.429 million tonnes down 18.6%
Europe – 6.323 million tonnes down 7.1%
Others (Brazil, Russia, S Africa, S Korea, Indonesia) – 5.857 million tonnes up 6.0%
USA – 2.144 million tonnes down 17.3%
The International Stainless Steel Forum is a non-profit research organization based in Brussels which represents the interests of the international stainless steel industry towards the general public, consumers, the media and regulatory authorities. The Forum was founded in 1996