Global stainless steel output rises by 5.8 percent in 2017

Updated: Thu, Mar 15, 2018
09:03 pm
Reuters
RELATED NEWS
Asia shares subdued, May's Brexit options eyed after crushing vote defeat Asia shares subdued, May's Brexit options eyed after crushing vote defeat
Gold prices rise as failed Brexit vote drags on dollar Gold prices rise as failed Brexit vote drags on dollar
U.S. oil prices edge down amid uncertain global economic outlook U.S. oil prices edge down amid uncertain global economic outlook

Global production of stainless steel rose by 5.8 percent last year, with the biggest year-on-year gains seen outside Asia and Europe, according to the International Stainless Steel Forum.

Production hit 48.1 million tonnes last year, with 11 percent gains in the United States, which accounts for nearly 6 percent of global output, ISSF data showed.

China, the world`s largest stainless steel producer, continued to account for a little more than half of global production, though it raised output by only 4.7 percent last year.

Stainless steel prices in east Asian ports fell 5 percent last year, in marked contrast to Chinese steel rebar prices, which surged by nearly 50 percent.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)

By continuing to use the site, you agree to the use of cookies. You can find out more by clicking this link

Close