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Stainless Steel Production for 1st Half of 2012

Total production for the first six months of 2012 was 17,2 Mt. ISSF has made some amendments for the Chinese figure for 2011 in order to provide a better comparability. In Asia with China excluded, stainless steel production increased by 2,2 % to 4,5 Mt. There was a mixed performance of the individual Asian countries in the period of review: while Korea and India showed increased production volumes the stainless crude steel production decreased in Japan and Taiwan, China. China increased the stainless steel production in the period of review by 1,1 % (after corrections made by ISSF) to 7,1 Mt. Western Europe/Africa experienced a slightly shrinking development in stainless steel production during the first six months of 2012. Total production was 4,3 Mt (–0,5 %) in this period. Also in this area there was a split development showing production changes from plus 11 % to –14% after the first six months of 2012. In The Americas region, stainless crude steel production decreased by 13,4 % to 1 Mt in the first half of the year. Production in the Eastern Europe region showed a drop of 9 %, with now less than 0,2 Mt continuously on an almost negligible low volume level. Comparing quarter by quarter for (1st vs. 2nd Quarter 2012) shows a more positive development of stainless steel melting activities. All regions – except Western Europe/Africa – showed increased melting volumes in quarter 2 compared to the previous quarter. China increased the stainless production quarter on quarter by 6,3 %. Asia showed a quarter-to-quarter growth by 0,5 %, The Americas reported a 0,9 % increase at the same time. Western Europe/Africa reduced production significantly by 6,9 % quarter-to-quarter. The globally achieved volume of 8,66 Mt is the highest ever achieved production level for a 2nd quarter (Source: International Stainless Steel Forum ISSF) (09/2012)

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