Global stainless steel output at record high

MEPS International has reported that the total global crude stainless steel production for 2013 reached a record high of 37.3 million tons. This goes beyond the previous record mark of 5.5 percent, which was set in 2012. MEPS predicts that the global crude stainless steel output for 2014 will further increase by 4.6 percent to reach a new high figure of 39 million tons.

Production of stainless steel in the second half of 2013 exceeded earlier expectations for the year. The output in the US recovered slightly to reach figures estimated to be over two percent higher compared to the previous 12 months. Despite these good reports, production in all of the established stainless steel making countries and regions remains significantly below the high figures achieved in 2006.

Previous articleShell begins production from platform in Gulf of Mexico
Next articleJacobs acquires Eagleton Engineering
Stainless Steel World Americas is part of the KCI Group of Companies. We are a leading knowledge, communication and information company connecting business-to-business professionals by building and sustaining global communities, solving their information needs and helping them to develop their professional life and friendships.