Home Company Profile Steel Industry Analysis Meps Publications Consultancy Independent Studies
 
MEPS Steel Prices On-line MEPS Steel Reports On-line MEPS Industrial Sector Steel Price Index

Company Profile
Steel Industry Analysis
MEPS Steel Publications
Steel Consultancy
MEPS World Steel Prices
Independent Studies
Request Free Publications
Steel Statistics
MEPS Index Steel Prices
Subscribe to Publications
MEPS Steel News
Industry News
MEPS Sponsored Events
Steel Links
Subscription Rates
Add Link To Website
Content for Websites
Contact Us
Site Map

MEPS STEEL PRICES ON-LINE
World Carbon Steel Price
World Carbon Steel Price Index
EU Carbon Steel Price
EU Carbon Steel Price Index
Asia Carbon Steel Price
Asia Carbon Steel Price Index
North American Carbon Steel Price
North American Carbon Steel Price Index
Flat & Long Carbon Steel Price
Flat & Long Carbon Steel Price Index
All Products Composite Steel Price & Index
Stainless Steel World Price
Stainless Steel World Price Index
EU Stainless Steel Price
EU Stainless Steel Price Index
Asia Stainless Steel Price
Asia Stainless Steel Price Index
North American Stainless Steel Price
North American Stainless Steel Price Index
Home > MEPS Steel News - 02.02.2017

GLOBAL STAINLESS STEEL PRODUCTION SET FOR NEW HIGH IN 2017 - MEPS

Annual global crude stainless steel production for 2016 is estimated to have totalled an all-time high of around 45.5 million tonnes, which represents a year-on-year increase of 9.5 percent. MEPS forecasts a further rise in worldwide outturn of around 4 percent, in 2017, to a new peak of 47.3 million tonnes.

Recently-issued, official Chinese output figures were significantly higher than earlier expectations, despite reports of plant closures. Output in other emerging economies continues to expand more quickly than in most of the traditional stainless steelmaking countries. However, production in Taiwan, where output has been at a historically low level in recent years, is estimated to have grown by over 10 percent, in 2016, compared with the year earlier figure. In the United States, last year’s outturn grew strongly, exceeding the previous year’s total by more than 4 percent.

In Japan and South Korea, last year’s production is estimated to have fallen slightly below the 2015 totals. Moderate increases are forecast, for both countries, in 2017. Output in the European Union, in 2016, was approximately 2 percent more than the year earlier figure. A further, marginal expansion is expected, this year.


Source: MEPS - Stainless Steel Review - January Issue

Free Sample copy of MEPS Stainless Steel Review


 


Sign up for free MEPS steel news alerts

Enter e-mail address *Required

Name:      


Company: 
If you are a journalist please tick here: