Industry News

ISSF: Global crude stainless steel output grows by 5.68% in 1950-2020

Views : 205
Update time : 2021-06-09 16:31:42
According to the data released by the International Stainless Steel Forum (ISSF), the global production of crude stainless steel reached 50.89 million tons in 1950-2020, with a growth rate of 5.68%.

In 2020, the major producing regions of crude stainless steel included China (30.139 million tons), the EU (6.323 million tons), India (3.157 million tons), Japan (2.413 million tons), the US (2.144 million tons), Taiwan (859,000 tons), and Indonesia, South Korea, South Africa, Brazil, and Russia (5.857 tons in total).

By industry, the proportion of stainless steel consumption in 2020 of metal products, mechanical engineering, construction, electrical appliances, motor vehicles and parts, and other transportation was 37.7%, 8.7%, 12.4%, 7.8%, 8.3%, and 5.1%, respectively.
Related News
Read More >>
What Tariffs, Steel Prices Mean for E&S Construction Insurance in California What Tariffs, Steel Prices Mean for E&S Construction Insurance in California
Apr .25.2025
What Tariffs, Steel Prices Mean for E&S Construction Insurance in California
Nickel Price Update: Q1 2025 in Review Nickel Price Update: Q1 2025 in Review
Apr .25.2025
Nickel Price Update: Q1 2025 in Review
Higher steel prices benefiting Region steel mills Higher steel prices benefiting Region steel mills
Apr .25.2025
Higher steel prices benefiting Region steel mills
Vale's net profit drops 17% on lower iron ore prices Vale's net profit drops 17% on lower iron ore prices
Apr .25.2025
Vale's net profit drops 17% on lower iron ore prices