World crude stainless steel production is 55.255 million tonnes in 2022, down 5.2 percent from a year earlier, according to data released by the World Stainless Association on April 3.
In 2022, the output of stainless steel in Europe was 6.294 million tons, down 12.4% year on year;
U.S. production was 2.17 million tons, down 14.8 percent year on year;
China's stainless steel production was 31.975 million tons, down 2.0% year on year, accounting for 57.9% of global output;
Stainless steel production in Asia (excluding China and South Korea) was 7.411 million tons, down 4.9% year on year;
Stainless steel production in other countries (Brazil, Russia, South Africa, South Korea, Indonesia) was 7.557 million tons, down 9.1% year on year.
In 1950, global stainless steel production was 1million tonnes, In 2021 reached 58.3million tonnes, the compound annual growth rate is estimated at 5.8%.
