[Ferro-Alloys.com] 

According to statistics released by the International Stainless Steel Forum, for the first three quarters of 2020, the total production of stainless steel in the world reached 36.712 million tons, the year-on-year decline was nearly 7.8%. In several regions, production in all regions fell from a year earlier: Europe fell by about 13.1% to 4.546 million tons; The United States fell by about 22.0% to 1.575 million tons; Chinese mainland fell by about 2.4% to 21.941 million tons; Asia excluding Chinese mainland, South Korea and Indonesia (mainly Japan, India and Taiwan) fell by about 21.8% to 4.593 million tonnes; Other regions (Brazil, Russia, South Africa, South Korea, Indonesia) fell by about 3.1% to 4.057 million tons.

In third quarter of 2020, the world's output of stainless steel was 13.557 million tons, an increase of nearly 17.5% compared with the previous quarter. Among them, the production in several regions was higher than in the previous quarter: Europe grew by about 5.4% to 1.414 million tons; The United States grew by nearly 10.9% to 499,000 tons;Chinese mainland growth of nearly 14% to 8.496 million tons; Asia excluding Chinese mainland, South Korea and Indonesia grew by about 50.6% to 1.627 million tons; Other regions grew by about 25.1% to 1.52 million tons.