Sign up for free MEPS steel news alerts

  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 - Free
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 - 03.11.2014

GLOBAL STAINLESS STEEL OUTPUT IN 2014 TO BE ANOTHER RECORD HIGH - MEPS

World crude stainless steel production is predicted to reach an all-time high of 41 million tonnes in calendar year 2014. This represents a 7.8 percent increase on the previous record figure, set last year.

Amongst the established stainless steelmaking regions, total output for 2014 is forecast to be higher than last year in the EU, United States, Japan and Taiwan but lower in South Korea. Production in all these countries remains below the peak figures recorded in 2006.

Chinese output continues on a steady, upward trend. The proportion of the world’s stainless steel made in China has increased from 18.5 percent in 2006 to an estimated 51 percent in 2014.

Demand in the EU has been strong during the summer but has now begun to slow. Nevertheless, year-on-year output is forecast to grow by 6.4 percent, to 7.6 million tonnes, in 2014.

The economic recovery in the United States continues to gather pace. Stainless steel production is expected to total 2.2 million tonnes in 2014 – 8.4 percent more than last year.

Japan’s 2014 outturn is foreseen at 3.375 million tonnes, representing a healthy, year-on-year increase of 6.3 percent. Another disappointing result is anticipated for South Korea. The 2014 total is likely to be 1.6 percent less than last year’s figure.


Source: MEPS - Stainless Steel Review - October Issue

Free Sample copy of MEPS Stainless Steel Review