The International Stainless Steel Forum (ISSF) today released the preliminary stainless steel crude steel production figures for the full year 2010.
According to ISSF the global stainless steel melting activities increased by 24.9% to a new record high of 30.7 million metric tons (mmt). This came after 3 years of declining stainless steel production driven by stock cycles and global economic crises. The strong recovery of the global stainless steel production has several reasons: economic recovery, strong end-use demand, re-stocking at service centers and fabricators and also the re-filling of the internal supply chain in the stainless steel mills which alone can count for half a million tons.
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