Global stainless steel production registered 5% jump
The International Stainless Steel Forum (ISSF) has released the production statistics for the first half of 2017. As per ISSF data, the global stainless steel production registered 5% jump during the first half-yearly period of the year, upon comparison with the corresponding initial six-month period in 2016. However, the stainless steel melt shop production during the second quarter of 2017 declined marginally by 2.4% over the first quarter of the year.
The European stainless steel production surged higher by 2.3% over the previous year from 3.793 million mt in H1 last year to 3.882 million mt in the first six months of 2017.
The production by Asian region excluding China and South Korea jumped higher by 5.2% from 3.753 million mt in H1 last year to 3.950 million mt in H1 2017.