Stainless steel forecast 2007

World production of stainless steel is forecast to reach 29 million metric tonnes in 2007 [crude steel equivalent], according to projections just published by MEPS

This forecast represents an increase of just 2.2% on 2006 output. Orders seems few and far between as stocks are consumed, and as purchases are delayed in anticipation of surcharges tumbling in the coming months, as alloy metal prices fall.

For full MEPS article (including regional stainless production forecasts) see http://www.meps.co.uk/editorial8-07.htm.

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