WORLD STAINLESS STEEL
OUTPUT SET FOR SMALL INCREASE IN 2015 MEPS INTERNATIONAL LTD
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 -
Review - July Issue
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