SHANGHAI Global stainless
steel output hit 8.3 million tonnes in the third quarter, up
2.6 percent from the same period a year earlier, according to
data from the International Stainless Steel Forum (ISSF).
Output for the first nine months
of the year rose 2.9 percent year on year to 26.1 million
tonnes. However, there were big differences in the performance
of the individual regions, the ISSF said.
China played an important role
in the global output increase.
The Asian nations output
for the third quarter increased 5.7 percent to nearly 3.8
million tonnes compared with the same year-ago period.
That put Chinas production
from January to September at 11.4 million tonnes, up 7.9
percent year on year and the largest increase among all the
The country also gained more
market share during the nine-month period, accounting for 44
percent of the worlds stainless steel production compared
with 42 percent at the first nine months of 2011.
In 2012, the China Stainless
Steel Council (CSSC) widened the scope of reporting companies,
so the ISSF made some amendments to the Chinese figures for
2011 in order to provide a more accurate comparison. The 2012
data have been adjusted to tally with information issued by
The rest of Asia saw production
fall 4.5 percent to 2.1 million tonnes in the third quarter.
However, Asiaincluding Chinastill made up 70
percent of the worlds total production during the first
nine months of the year.
"The share is tending to
increase," the ISSF said.
The Western Europe/Africa region
recorded third-quarter output of nearly 1.8 million tonnes, up
4.2 percent from the same 2011 period. That pushed the
January-to-September tally up 0.7 percent year on year to
slightly more than 6 million tonnes.
In the Americas region,
stainless steel production rose 9.1 percent year on year in the
third quarter to 603,000 tonne, but in the first nine months of
2012 the total fell 5.5 percent year on year to 1.8 million
Production in the
Central/Eastern Europe region saw the largest drop both in the
third quarter and the first nine months of this year, declining
13.7 percent to 90,000 tonnes and 10.6 percent to 274,000
ISSF predicted earlier this year that output for the full
year would see a slight increase compared with 2011 levels.
A version of this article was
first published by AMM sister publication Steel First.