Record year for stainless steel output

The world’s crude stainless steel production is predicted to reach a record-high of 36.4 million tonnes by the end of this year.
This fits with MEPS International’s earlier prediction that the latter half of 2013 would see a 2.9 percent increase from the same time last year.
MEPS also forecasts that output will grow by an additional 4.1 percent throughout 2014. If true, this means that a new peak volume of 37.9 million tonnes will be reached.
Even though global production for the second quarter of 2013 was lower than previously forecasted, summer activity levels were higher than expected. Thus, the output will recover during the year’s second half, thus reaching the original forecasted figure for the year.
The good news for the American market is that production in 2013 was marginally higher than in 2012. This year in China, stainless steel output increased) to 57 percent from 30 percent in 2006.
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