Global stainless steel output to hit record highs in 2015: MEPS

Published: May 11, 2015 09:34

Save

MEPS- the leading steel sector consultancy company has predicted that the global crude stainless steel output is all set to hit new highs during the current year.

Author: Paul Ploumis
08 May 2015 Last updated at 02:15:04 GMT
SPOKANE (Scrap Monster) : MEPS- the leading steel sector consultancy company has predicted that the global crude stainless steel output is all set to hit new highs during the current year. According to MEPS, the global production is predicted to grow by 3.4% during 2015 to reach a new record of 43.1 million tonnes. The global output had totaled 41.7 million tonnes in 2014, registering robust growth of 8.3% when compared with 2013.

The crude stainless steel production by the European region totaled 7.2 million tonnes in 2014, 1.4% higher when compared with the previous year. However, the 2014 crude stainless steel output by the EU region remained significantly lower by 23% when compared with the peak production achieved during 2006. The EU consumption is expected to pick up in short to medium term on account of antidumping duties imposed on cold rolled coil imports from China and Taiwan.

The US crude stainless steel output surged higher by almost 16% in 2014 to over 2.3 million tonnes. MEPS predicts modest output growth in the US during 2015. The crude stainless steel output by the US is likely to total around 2.4 million tonnes during the year. Similarly, Japanese output is expected to grow moderately to 3.35 million tonnes in 2015. The country’s output had expanded by nearly 5% in 2014 to total 3.3 million tonnes.

The Taiwanese output rose nearly 2.6% in 2014 to 1.1 million tonnes. However, the growth is likely to stagnate during this year. On the other hand, crude stainless steel production by South Korea dropped nearly 4.3% during last year to total just over 2 million tonnes. MEPS forecasts marginal rise of 1.5% in the country’s output during 2015.

MEP SISSF stainless crude steel output global production price europe cold rolled coil anti dumping

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

6 hours ago

Yingkou Jianfa Shenghai Phase I 300,000 mt Copper Cathode Project Smelting Furnace Starts Production, Pyrometallurgy System Enters Furnace Drying Stage

At 9:58 on September 12, the core smelting furnace of the pyrometallurgy system at Yingkou Jianfa Shenghai Nonferrous Metals & Chemicals Co., Ltd.'s multi-metal recovery project was successfully ignited, officially entering the furnace drying stage and marking a key step toward full-line commissioning and production. Public information shows that the Yingkou Jianfa Shenghai polymetallic complex gold-silver ore comprehensive recovery technology upgrade, relocation, and expansion project uses copper concentrates as its main raw material, with an overall planned capacity of 600,000 mt/year of copper cathode to be built in two phases, with capacity of 300,000 mt/year in each phase. Phase I is designed to produce 300,000 mt/year of copper cathode and 1.18 million mt/year of sulphuric acid, along with supporting systems for smelting, converting, anode refining, electrolysis, slag beneficiation, and precious metal recovery. After this ignition, the project will carry out standardized furnace drying and hot-state integrated trial runs across the entire system to verify equipment, instruments, interlocks, and automatic control systems. The project has not yet formally started raw material feeding and production; after furnace drying and system commissioning are completed, it will further advance the commissioning of Phase I's 300,000 mt/year copper cathode capacity. If the project is successfully brought into production, it is expected to increase copper smelting capacity in North China and further boost domestic demand for copper concentrate raw materials.

6 hours ago

Sep 11, 2026 17:43

Precious Metals Remain Range-Bound as Macro Enters Key Validation Window [SMM Precious Metals Macro Analysis]

Sep 11, 2026 17:43

Sep 11, 2026 16:30

Amigo Resources Reports PGM Values of Up to 7.07 ppm in Tanzania Processing Testwork

[SMM Flash] Amigo Resources reported independent laboratory results from selected Tanzanian material showing combined PGM values of 6.94–7.07 ppm, alongside residual gold values of 3.27–3.47 ppm. The company said it is assessing the integration of proprietary PGM concentration technology into its processing flowsheets to target recovery from gravity tailings and other residual material. Amigo is also evaluating a pyrometallurgical copper-matte treatment route and has mobilised a small-scale furnace for further testwork. The programme could potentially establish PGMs as a recoverable by-product from Amigo's Tanzanian polymetallic material if subsequent metallurgical work demonstrates viable recoveries. However, the reported grades relate to selected test material and processing studies and do not constitute a compliant Mineral Resource, reserve or evidence of commercial-scale PGM production. Further metallurgical testing will therefore be important in determining whether the reported PGM content can translate into an economically recoverable product stream.

Sep 11, 2026 16:30