A recovery in the stainless steel sector is underway. World steel production in the second half of this year will be significantly higher than in the first six months. The Asian market has started to pick up. Destocking is coming to an end in most western nations and inventory rebuilding has commenced.
We should point out that this revival is from a very low base. MEPS forecasts global crude stainless steel production at 21.6 million tonnes in 2009...
Source: MEPS International Ltd
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