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Global stainless steel output down 3.8 percent in Q1

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In the first quarter of this year, world stainless crude steel result raised by 1.7 percent quarter on quarter to 14.45 million mt, color steel coil price while dropping by 3.8 percent comsteel coil shareholderspared to the very same quarter of the previous year, according to the preliminary report released by the International Stainless Steel Discussion Forum (ISSF). According to the ISSF information, in the first quarter this year stainless crude steel manufacturing lowered by 8 percent in China as well as went up by 4.1 percent in the Asia area excluding China as well as South Korea, while lowering by 8.8 percent in the United States and also down by 2.5 percent in Europe, all compared to the initial quarter of 2021. Stainless crude steel manufacturing (x 1,000 metric heaps): Region Quarter 1/20224/20211/ 2021Q-o-q adjustment (%) Y-o-y adjustment (%) Europe1,8061,7671,9095.2-2.5 USA5695386245.7-8.8 China8,0117,6968,7084.1-8.0 Asia (excluding China and S. Korea) 1,9562,0231,880-3.34.1 Others2,0532,1791,901-5.88.0 Total14,45014,12514,5122.724.7.

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