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ISSF announces stainless steel production result for Q1 2014

The International Stainless Steel Forum has released figures for Q1 2014 showing that stainless steel melt shop production increased by 6.8% YoY to 10.2 million tonnes. Production increased in all regions.
With YoY growth of 3.0% Asia (without China) produced 2.2 million tonnes. Japan and South Korea recorded increases of 9.5% and 3.5% respectively. India and Taiwan, China were negative with –2.6% and –3.6% respectively. Stainless steel production in China increased by 11.1% to 5.1 million tonnes YoY. China produces about half of the world’s stainless steel.
Production in Western Europe and Africa increased by 0.2% to 2.2 million tonnes. France increased by 10.1%, but Germany declined by 18.9%, Italy by 2.4% and Austria by 2.0%.
Production increased by 11.9% to 0.7 million tonnes in the Americas and by 5.5% to 0.1 million tonnes in Central and Eastern Europe.
Stainless and heat resisting melt shop steel production [000 metric tonnes]

Region Quarter +/- %
1/2013 4/2013 1/2014 QoQ YoY
Western Europe/Africa 2157 1813 2160 19.20% 0.20%
Central/Eastern Europe 67r 80r 71 -11.50% 5.50%
The Americas 598 630 670 6.20% 11.90%
Asia (w/o China) 2170 2301 2234 -2.90% 3.00%
China 4575 4809 5084 5.70% 11.10%
Total 9,568r 9,633r 10219 6.10% 6.80%

Source – Strategic Research Institute

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