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Global Stainless Production Dips in 2020

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Global stainless steel meltshop production in 2020 decreased 2.5 percent to 50.9 million metric tons, the International Stainless Steel forum reported. Global production was up 13.7 percent in the fourth quarter to 14.1 million tons.

The year-over-year decline was particularly steep in the United States, where production dropped 17.3 percent to 2.1 million tons. Only the Asian region excluding China and South Korea saw a more precipitous decline, falling 18.6 percent to 6.4 million tons.

European mills also cut production in 2020, down 7.1 percent to 6.3 million tons.

China defied the global trend, increasing production 2.5 percent to 30.1 million tons. Chinese stainless output represented about 60 percent of the global total.

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