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The global stainless crude steel output in 2011

The global stainless crude steel output in 2011

Based on preliminary numbers, the globalstainless crude steel production in quarter 1 of 2011 had reached 8.4 million metric tons according to the InternationalStainless Steel Forum (ISSF). 

Compared to quarter 4 of 2010, this output showed us an increase of 8.2% about the production. Most regions reported that increased production volumes in the quarter-on-quarter comparison. However, the American region shows the strongest growth.

Stainless Crude Steel Production (mt)
Region
Quarter
+/- %
Quarter 1
+/- %
 
4/2010
1/2011
Q-o-Q
2010
2011
Y-o-Y
Western Europe/Africa
1,857
2,215
19.2
2,081
2,215
6.4
Eastern Europe
88
79
-9.7
73
79
8.4
The American
568
779
37
728
779
6.9
China
2,943
3,076
4.6
2,607
3,076
18
Total World
7,749
8,387
8.2
7,724
8,387
8.6

Global stainless crude steel production in the three months of 2011 reached an all-time high for a first quarter.

 The total production grew by 8.6% which nearly 8.4 million tons. The highest year-on-year growth was again seen in China: with an increase in production of 18% to almost 3.1 million metric tons. The Western Europe/Africa region increased production by 6.4% to 2.2 metric tons. The American saw a further increase of stainless steel production of 6.9% to 0.8 metric tons.
 
This global growth rate in the year-on-year comparison is mainly based on strong end-user demand and on continuing replenishments of stocks at service centres and in stainless processing industries.
 
And the current perception is that markets will return to de-stocking due to the current high volatility of raw material quotations.
 
In a word, the global stainless crude steel production in quarter 1 of 2011 has increased quickly and based on its strong demand of the international market,the prospect appreciable.

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