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Global Stainless Production Declines in First Half

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The world produced 23.7 million tons of stainless steel in the first half of 2020, a 9.4 percent decline from the first six months of 2019, the International Stainless Steel Forum reported.

U.S. production totaled 1.4 million tons in the first half, a decline of 20.3 percent. U.S. production was also down 27.8 percent in the second quarter to 450,000 tons.

Production declined in all regions, including China. Stainless production in China was down 2.7 percent in the half to 14 million tons, though it rebounded in the second quarter.

European production in the first half was down 16.3 percent to 3.7 million tons, and production in Asia without China and South Korea fell 23.9 percent to 3.9 million tons. Production in the rest of the world was down 8.4 percent to 2.8 million tons.