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 - 05.08.2015


Global crude stainless steel production is predicted to reach a new record annual total of 42.2 million tonnes, in 2015, according to MEPS. This would exceed the previous high figure, set last year, by 1.2 percent.

Chinese production, in 2015, is now expected to turn out at 22.15 million tonnes. this represents a year-on-year increase of 2.1 percent. Demand for stainless steel has been negatively affected by disappointing consumption, at home and abroad, as well as by antidumping measures in Europe.

After recovering, in 2014, to record a year-on-year increase of 5 percent, to 3.33 million tonnes, Japanese output is predicted to fall back by 3 percent, this year, to total 3.23 million tonnes.

We forecast an annual outturn of 1.17 million tonnes, in Taiwan. While this represents a 5.2 percent advance on last year’s number, it is almost 65 percent less than the peak figure, achieved in 2006.

South Korea’s output has also slightly exceeded expectations during the early part of this year. MEPS forecasts 2.08 million tonnes – an increase of 2.8 percent over last year’s total.

The prediction for annual crude stainless steel output in the United States remains at 2.4 million tonnes. This equates to a 0.4 percent increase, compared with the 2014 total.

EU production has been below previous expectations during the first half of 2015, despite reduced competition from imports from the Far East. Our forecast for this year’s total outturn is 7.18 million tonnes, which would be nearly one percent less than the 2014 figure.

Source: MEPS - Stainless Steel Review - July 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: