Global stainless crude steel production drops by 2.5% in 2020
Views : 203
Update time : 2021-03-17 21:44:56
According to statistics from the International Stainless Steel Forum (ISSF), global stainless crude steel production totaled around 50.89 million tons in 2020, dropping by 2.5% compared to the previous year.
Among them, the output in Europe was around 6.32 million tons, a year-on-year decrease of 7.1%; that in the US was around 2.14 million tons, a year-on-year reduction of 17.3%; that in China was around 30.14 million tons, a year-on-year increase of 2.5%.
The output from the Asian region (excluding China, mainly Japan, India, and Taiwan) was roughly 6.43 million tons, a year-on-year decrease of 18.6%, and that in other regions (Brazil, Russia, South Africa, South Korea, and Indonesia) was 5.86 million tons, a year-on-year increase of 3%.
Global stainless crude steel production climbed quarter by quarter after a decline in the second quarter of 2020 and hit the highest level of 2020 at roughly 14.13 million tons in the fourth quarter.
The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today
Uzbekistan’s aluminium cans manufacturing unit to reduce dependency on imported aluminium packaging
Two contrast sequences set to boost China’s aluminium smelters’ profitability, offsetting tariff losses. What are they?
