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Further World Stainless Steel Production Records Forecast

Date: 2019-05-17
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Worldwide crude stainless steel production, in 2018, reached an all-time high total of more than 50.7 million tonnes. This represents an increase of 5.5 percent, compared with the year earlier figure. MEPS predicts that global output will grow by approximately 4 percent, in 2019, to achieve a new record high mark of around 52.7 million tonnes.


In the United States, the effects of tariffs and quotas, arising from the Section 232 action, began to subside, last year. More competitive import offers became available, while growth in domestic demand slowed. Consequently, a moderate increase in output, of around 2 percent, was registered, in 2018. MEPS forecasts a similar scale of expansion, this year.


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