|
British steel consultancy MEPS forecasted that global stainless steel production will grow by double digits in 2021, mainly driven by expansion in Indonesia and India.
Global production was forecast to rise by 3% this year, hitting a record high of 58 million tons.
In the first nine months of last year, Indonesia''s stainless steel production capacity increased significantly, surpassing India and becoming the world''s second-largest stainless steel producer. Due to Indonesia''s rich nickel ore resources, stainless steel production was forecast to grow by more than 6% in 2022.
In China, stainless steel production declined in the second half of last year due to production restrictions and policy factors. Despite this, production rose by 1.6% for the whole of last year.
Europe''s stainless steel production in the third quarter was lower than expected, so last year''s total output fell to 6.9 million tons. It was expected that production capacity will continue to recover this year, but supply may exceed demand.
-Casting product Exhibition, 2022 casting product Exhibition, China Casting product Exhibition, Casting Exhibition, China Casting Exhibition, 2022 Casting Exhibition, Casting product Expo, 2022 casting product Expo, China Casting product Expo, Casting Expo, China Casting Expo, 2022 Casting Expo,
|
