STEEL NEWS

Global stainless steel production increased by 5.4%.

According to WorldStainless data released on February 4th, the global stainless steel melting volume from January to September 2024 was 46.092 billion tons. This is a huge challenge. The annual growth rate is 5.4%.

The output value of China's metallurgical industry is 28.631 billion US dollars. Compared to the results of the third quarter of 2023, this number has increased by 3.4%. Excluding China and South Korea, Asian countries produced $5.393 billion in 9 months. Stainless steel tons increased by 8.1% year-on-year.

Europe melted down $4.694 billion. Stainless steel tons increased by 4.9% year-on-year. In the United States, this number is 1.509 billion. Compared to January to September 2023, this number has increased by 9.1%.

Brazil, Indonesia, Russia, South Africa, and South Korea (listed as "other") produced $586.4 billion in Q3 2024. Ton of stainless steel. The annual growth rate is 11.2%.