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

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 - 01.11.2017

MEPS Predicts Record High for Global Stainless Steel Production in 2017

MEPS forecasts that world crude stainless steel output will reach an all-time high of 47.5 million tonnes in calendar year 2017. This would represent a 3.8 percent increase on the previous record figure, set last year. MEPS expects continued growth in global production in 2018. A new peak volume of 49 million tonnes is forecast for next year.

China’s outturn during the second quarter was lower than MEPS’ previous estimate, as mills cut back production, in an effort to comply with the government’s environmental targets. Recently published statistics by the China Stainless Steel Council indicate that output recovered strongly, in the July/September period.

Crude stainless steel production, in Japan, is foreseen at 3.125 million tonnes, in total, this year – an increase of just one percent, compared with the 2016 figure. MEPS’ forecast for 2018 is for the addition of a further 50,000 tonnes.

Output in South Korea is expected to develop strongly, this year, after a moderate performance, in 2016. Growth of nearly 5 percent, to a total of 2.375 million tonnes, is anticipated for this calendar year. A similar scale of expansion is predicted for next year.

Taiwan’s robust recovery continues. After recording a rise of nearly 14 percent, last year, the country’s annual outturn is forecast to increase by a further 9 percent, in 2017. Another strong result, with around a 7 percent rise, is foreseen in 2018.

Output in the United States, during the second quarter, was higher than MEPS’ previous estimate. As a result, MEPS has upgraded its forecast for the 2017 annual total, to 2.75 million tonnes. This would equate to a year-on-year increase of more than 10 percent. MEPS anticipates moderate growth, of around 100,000 tonnes, next year.

Production in the European Union, during the three months from April to June, turned out to be slightly lower than had been anticipated. MEPS has, consequently, revised its expected total, for 2017, downward, to 7.35 million tonnes – an increase of less than one percent, compared with the outturn in the previous twelve months. European mills are expected to be busier, in 2018, than in the current year. MEPS predicts an annual output of around 7.5 million tonnes, next year.

Source: MEPS - Stainless Steel Review - October 2017 Issue

Free Sample copy of MEPS Stainless Steel Review


Sign up for free MEPS steel news alerts

Enter e-mail address *Required


If you are a journalist please tick here: