Global crude stainless steel production falls by nearly 7.8% year on year in Q1-Q3
2020-12-21 16:05:02 [Print]
According to the statistics released by the International Stainless Steel Forum (ISSF) on 17 December, the global crude stainless steel production reached approximately 36.71 million tons in the first three quarters of 2020, down by nearly 7.8% compared to the corresponding period last year. In terms of major regions, the output in all regions declined year on year. In particular, the figure of Europe, the United States, Chinese Mainland, Asia (excluding Chinese mainland, South Korea and Indonesia and mainly consisting of Japan, India and Chinese Taipei) and other regions (Brazil, Russia, South Africa, South Korea and Indonesia) was about 4.55 million tons, 1.58 million tons, 21.94 million tons, 4.59 million tons and 4.06 million tons respectively, a decrease of around 13.1%, 22.0%, 2.4%, 21.8% and 3.1%.
In the third quarter of 2020, the global crude stainless steel reached approximately 13.56 million tons, rising by nearly 17.5% compared to the prior quarter, and all major regions recorded an increase in output compared to the previous quarter. In particular, the figure of Europe, the United States, Chinese Mainland, Asia (excluding Chinese mainland, South Korea and Indonesia) and other regions was about 1.41 million tons, 499,000 tons, 8.50 million tons, 1.63 million tons and 1.52 million tons respectively, up by 5.4%, 10.9%, 15%, 50.6% and 25.1% on a quarter-on-quarter basis.
In the third quarter of 2020, the global crude stainless steel reached approximately 13.56 million tons, rising by nearly 17.5% compared to the prior quarter, and all major regions recorded an increase in output compared to the previous quarter. In particular, the figure of Europe, the United States, Chinese Mainland, Asia (excluding Chinese mainland, South Korea and Indonesia) and other regions was about 1.41 million tons, 499,000 tons, 8.50 million tons, 1.63 million tons and 1.52 million tons respectively, up by 5.4%, 10.9%, 15%, 50.6% and 25.1% on a quarter-on-quarter basis.
