World stainless melt shop production up 9.5% on year in Q1: ISSF

World stainless melt shop production up 9.5% on year in Q1: ISSF

World stainless melt shop production up 9.5% on year in Q1: ISSF

World stainless steel melt shop production rose 9.5% on the year to 12.767 million mt in the first three months of 2018, according to figures released Tuesday by the International Stainless Steel Forum.

Output was also up 1.8% from 12.545 million mt in the fourth quarter of 2017.
Chinese production was up 6.5% year-on-year to 6.524 million mt in Q1, but slipped 1.9% from output of 6.652 million mt in the fourth quarter of 2017.

Asian production excluding China and South Korea had a 4% year-on-year rise to 2.072 million mt from 1.992 million mt in Q1 2017, but also edged down 1.6% from output of 2.105 million mt in Q4.

European production reached 2.014 million mt in Q2, up 1.7% from output of 1.98 million mt a year earlier and up a hefty 10% from 1.83 million mt in Q4 last year.

The US was the only regaion to post a year-on-year drop in Q1, off a marginal 0.4% to 718,000 mt from 721,000 mt in Q1, 2017, but output was up 9.8% from 654,000 mt in Q4 last year.

The ISSF’s “others” category (comprising Brazil, Russia, South Africa, South Korea and Indonesia), shad melt shop output of 1.439 million mt in Q1, up 70.2% from 845,000 mt in Q1 last year and up 10.3% from 1.304 million mt in Q4.

Manjula

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