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The global production of stainless steel declined, China as the main producer
Apr,Sat,2022
From 2010 to 2019, global stainless steel production increased from 3.194 million tons to 52.218 million tons, with a CAGR of 5.93 percent, with supply growth mainly from China. The global economic situation has changed significantly in 2019. The U.S. trade war has created a lot of uncertainty, leading to weak global growth and slowing growth in stainless steel production.In 2020, global crude stainless steel production will total 50.89 million tons, down about 2.5% year-on-year. Excluding China, global crude stainless steel production decreased by 2.065 million tons, or 9.05 percent, year-on-year. Global stainless steel production in the first three months of 2021 increased by 24.7% year-on-year to 14.5 million tons
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