Press Release: January 27, 2010
Excluding China, stainless steel production in Asia was 5 million metric tons (mmt) in the first nine months of 2009, a decline of 23% compared to the same period of 2008. Production was reduced significantly in India and Japan while production levels remained flat in Korea and Taiwan, China.
Stainless production in China was 6.6 mmt in the first nine months of 2009, an increase of 19.1% on the same period of 2008. China now accounts for almost 37% of the worlds stainless production. At the end of the third quarter of 2008, Chinas market share was just 26%.
The Western Europe/Africa region produced 4.6 mmt of stainless during the first nine months of 2009, a decrease of 31.5%. Production also declined in The Americas region to 1.5 mmt, a 22.9% drop on the same period of 2008. The volume of stainless produced in the Central and Eastern Europe region was just 0.2 mmt for the period, a drop of 38.2% on the previous year.
BS Thermal - international distributors of Thermal Accessories including Stainless Steel Banding.
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