Wednesday, June 02, 2010

World stainless steel production 2009 - 2010

MEPS today report that global crude stainless steel production for 2009 turned out at 24.6 million tonnes, a fall of 5 percent compared with 2008.

MEPS also observe that total stainless steel output for the first quarter of 2010 will be around 7.5 million tonnes . This figure is a remarkable 54.6 percent higher than the outturn for the first three months 2009, which marked the low point of the recent downturn.

With corrections for stock levels, MEPS forecast for global stainless steel output in calendar year 2010 is ~28.5 million tonnes, which would exceed the previous record outturn, in 2006, by 0.3 million tonnes.

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