World stainless steel output up:

Print this page Posted on : 03-30-2007 by recycleinme.com

Total world stainless steel production rose 16.7 percent year-on-year in 2006 to a greater than expected 28.4 million tones, the International Stainless Steel forum said. That was up from 24.3 million tones in 2005, it said. China was the driving force behind the rise, with output up 68 percent from 2005 at 5.3 million tones. Overall Asian production rose 20.6 percent to 15.1 million tones-more than the half the world’s stainless –while output in Western Europe and Africa, the second largest production zone, was up 13.4 percent to 10 million tones. Output in the Americas rose 9.8 percent to nearly 3 million tones, while in Central and Eastern Europe it was up 16.8 percent to 363,000.

Source : Business Line