MEPS forecasts that global crude stainless steel production will reach 58.6m tonnes this year. That growth is likely to be driven by factories in China, Indonesia and India. Production activity in East Asia and the West is expected to remain range-bound.

Statistics released by the International Stainless Steel Discussion (ISSF) on October 7 show that in the first half of 2021, global stainless steel crude steel production increased by approximately 24.9% year-on-year to 29.026 million tons. In terms of several regions, the output of all regions has increased year-on-year: Europe increased by about 20.3% to 3.827 million tons, the United States increased by about 18.7% to 1.277 million tons, and mainland China increased by about 20.8% to 16.243 million tons, excluding mainland China, Asia including South Korea and Indonesia (mainly India, Japan and Taiwan) grew by about 25.6% to 3.725 million tons, and other regions (mainly Indonesia, South Korea, South Africa, Brazil, and Russia) grew by about 53.7% to 3.95milliontons.

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