International – Stainless steel melt shop production increased globally by 8.3% year-on-year to 41.7 Mt, non–profit research organisation the International Stainless Steel Forum reported on Tuesday.
Stainless steel production for 2014 increased in all regions except for Central and Eastern Europe, which declined by 6.3% year-on-year to 277 000 t from 296 000 t in 2013.
Stainless and heat-resisting melt shop steel production increased by 1% year-on-year in 2014 from 7.49 Mt to 7.57 Mt in the Western Europe and Africa region.
The greatest increase in stainless steel production for 2014 was in the America’s region, which increased 14.6% year-on-year to 2.81 Mt from 2.45 Mt in 2013.
China, the largest stainless steel producing country by volume, increased 14.3% year-on-year to 21.69 Mt – accounting for almost half of the global stainless steel production in 2014.