Global – Worldwide, stainless steel melt shop production jumped 5.8% from 45.448 million tonnes in 2016 to 48.081 million tonnes last year, according to the International Stainless Steel Forum (ISSF). As reported in a recent Mirror publication from the BIR world recycling organisation, this increase in output helped to maintain a decent demand for stainless steel scrap in many parts of the world.
China accounted for well over half of the world’s stainless steel melt shop production in 2017, with its total of 25.774 million tonnes representing an increase of 4.7% over the 24.608 million tonnes recorded for 2016.
Excluding China and South Korea, the rest of Asia produced 8.03 million tonnes in 2017 for a gain of 4.5% over the 7.681 million tonnes of the previous year.
The steepest upturn in melt shop production was registered by the USA with a leap of 11% from 2.481 million tonnes in 2016 to 2.754 million tonnes the following year, according to the ISSF figures.
For Europe, the increase was a more restrained 1.3% from 7.28 million tonnes to 7.377 million tonnes.