Tag Archives: OUTPUT

MEPS PREDICTS RECORD GLOBAL STAINLESS STEEL OUTPUT THIS YEAR

Worldwide total crude stainless steel output in 2014 reached an all-time high figure of nearly 41.7 million tonnes. This exceeds the last peak, achieved in the previous year, by 8.3 percent. MEPS predicts that global production will grow by a further 3.4 percent, this year, to reach a new record of 43.1 million tonnes.

EU production totalled over 7.2 million tonnes, last year. This represents a 1.4 percent increase on the 2013 figure but remains 23 percent below the output recorded in 2006. It is unlikely that such a figure will be reached again, given the expansion of stainless steelmaking capacity throughout the world. Although local consumption is disappointing, at present, European producers will be boosted in the short-to-medium term by the effects of EU antidumping duties levied on cold rolled coil from China and Taiwan.

Production in the United States climbed by more than 16 percent, year-on-year, in 2014, to in excess of 2.3 million tonnes. Output will grow more moderately, this year, to reach a predicted level of 2.4 million tonnes.

Japanese stainless steelmaking also grew strongly, last year, to turn out at more than 3.3 million tonnes – an annual increase of nearly 5 percent. More moderate expansion is anticipated in 2015, to achieve a total of 3.35 million tonnes.

In the face of fierce competition in the region, output in South Korea fell to just over 2 million tonnes, in 2014, a decrease of 4.3 percent, compared with the previous year’s outturn. A modest recovery is forecast for 2015, with production increasing by around 1.5 percent.

Annual production in Taiwan rose by 2.6 percent, last year, to exceed 1.1 million tonnes. Output in 2015 is predicted to record only minimal growth, compared with the year earlier figure.

Source: MEPS – Stainless Steel Review – April Issue

STEADY RISE IN WORLD STAINLESS STEEL PRODUCTION FORECAST FOR 2015 – MEPS

The annual total global stainless steel production for 2014 is estimated to have reached an all-time high of 41 million tonnes. This exceeds the previous record mark, set in 2013, by 7.6 percent. MEPS predicts that worldwide output will increase by a further 4.9 percent, to a new peak figure of 43 million tonnes.

In 2014, the outturn in all of the traditional stainless steel making regions, except South Korea, was higher than in the previous year. The recovery was particularly strong in the United States and Japan, though more moderate in the EU and Taiwan. However, production in all of these established stainless steel making countries and regions remains significantly below the peak figures achieved in 2006.

This trend is, of course, more than outweighed by the expansion of production in China and other emerging nations. China’s output last year is estimated to be more than 4 times the 2006 figure. The growth of Chinese production will, inevitably, slow from the rapid rate of recent years. We do anticipate, though, that output will continue to climb by more than 5 percent in 2015, to reach 22.9 million tonnes. This would represent more than 50 percent of global stainless steel production.

Source: MEPS – Stainless Steel Review – January Issue

GLOBAL STAINLESS STEEL OUTPUT IN 2014 TO BE ANOTHER RECORD HIGH – MEPS

World crude stainless steel production is predicted to reach an all-time high of 41 million tonnes in calendar year 2014. This represents a 7.8 percent increase on the previous record figure, set last year.

Amongst the established stainless steelmaking regions, total output for 2014 is forecast to be higher than last year in the EU, United States, Japan and Taiwan but lower in South Korea. Production in all these countries remains below the peak figures recorded in 2006.

Chinese output continues on a steady, upward trend. The proportion of the world’s stainless steel made in China has increased from 18.5 percent in 2006 to an estimated 51 percent in 2014.

Demand in the EU has been strong during the summer but has now begun to slow. Nevertheless, year-on-year output is forecast to grow by 6.4 percent, to 7.6 million tonnes, in 2014.

The economic recovery in the United States continues to gather pace. Stainless steel production is expected to total 2.2 million tonnes in 2014 – 8.4 percent more than last year.

Japan’s 2014 outturn is foreseen at 3.375 million tonnes, representing a healthy, year-on-year increase of 6.3 percent. Another disappointing result is anticipated for South Korea. The 2014 total is likely to be 1.6 percent less than last year’s figure.

Source: MEPS – Stainless Steel Review – October Issue

MEPS PREDICTS ANOTHER RECORD HIGH FOR GLOBAL STEEL PRODUCTION IN 2014

World crude steel output is forecast at 1655 million tonnes this year, according to MEPS (International) Ltd. This equates to a rise of 2.7 percent over the previous all-time high figure in 2013. China will continue to be the main driver for expansion, despite a WSOPiedeceleration in growth.

Most regions saw their production fall last year. In 2014, noticeable gains are predicted in the EU and South Korea. Only marginally increases are envisaged in Other Europe, CIS and the Americas. Output rises in India are projected to be below the country’s vast potential. Solid expansion will continue in the Middle East, although the region’s share of global growth is expected to be just 3.4 percent.

Source: MEPS World Steel Outlook Quarter 2-2014

GLOBAL CRUDE STEEL PRODUCTION TO RISE BY 3 PERCENT IN 2014

MEPS forecasts world steel output, this year, at 1655 million tonnes. This equates to a 3 percent increase on the outturn in 2013. The majority of this growth will, once again, come from Asia, particularly China.

We believe that steelmaking in the EU will increase, this year, following a decline in each of the past two years. Our estimate, at 170 million tonnes, represents an annual increase of 2.6 percent.

Steel manufacturing in Europe, excluding the EU and CIS, should reach 40 million tonnes in 2014 – a rise of 3.1 percent, year-on-year.

Our 2014 forecast for steelmaking in the CIS has been downgraded in this issue and now stands at 108.5 million tonnes. This represents a slight decrease from the previous year’s outturn.

North American raw steel production is predicted to be relatively unchanged this year, compared with the figure recorded in 2013.

Our prognosis for the outturn of crude steel in South America this year is 46.7 million tonnes – up 1.5 percent from the 2013 level.

Steel manufacturing in Africa is forecast to increase this year to 16.55 million tonnes. This equates to a rise of 3.1 percent, compared with 2013.

Another record steel output figure is forecast for 2014 in the Middle East. At 27.4 million tonnes, this will be the sixteenth consecutive annual rise in production.

Total Asian steel manufacturing should reach a figure of more than 1.1 billion tonnes this year. This equates to an increase of 3.7 percent, year-on-year.

Source: MEPS World Steel Outlook Quarter 1-2014

NEW GLOBAL CRUDE STAINLESS STEEL PRODUCTION RECORDS IN 2013 AND 2014

Worldwide total crude stainless steel output in 2013 reached an all-time high figure of 38.13 million tonnes. This exceeds the last peak, achieved the previous year, by 7.8 percent. MEPS predicts that global production will grow by a further 3.6 percent, this year, to reach a new record of 39.5 million tonnes.Stainless Steel Review

Global outturn in 2013 was higher than previously forecast. However, production in the EU, South Korea and Taiwan was lower than in 2012. Output in the United States and Japan began to trend upwards, albeit remaining significantly below the peak, pre-crisis figures achieved in 2006.

Production in China and other developing nations continues to expand at a faster pace than in the established stainless steelmaking countries.

China’s output climbed more quickly than had been predicted, to total almost 19 million tonnes, last year. Although the rate of growth is expected to slow in 2014, the forecast outturn of 19.75 million tonnes would represent exactly half of all worldwide production.

Output in countries in the “Others” category is predicted to increase by over 6 percent, in 2014, to reach 3.825 million tonnes.

While there are signs of economic recovery in the EU, producers in this region have lost market share, globally. Output in 2013 was down by 4 percent, year-on-year, at less than 7.2 million tonnes. A moderate recovery, to 7.3 million tonnes, is anticipated this year.

Production in the United States grew by more than earlier forecasts, to just over 2 million tonnes, in 2013. However, the outturn this year is expected to remain at a similar level.

Japanese stainless steelmaking showed modest annual growth of 1.2 percent, in 2013. A stronger upturn is predicted in 2014, to achieve a total of 3.3 million tonnes – up 4 percent on the year earlier figure.

Output in South Korea is expected to turn around, with a 3 percent, year-on-year, increase this year, following a small drop in 2013.

Production in Taiwan decreased by 25,000 tonnes last year, compared with the previous twelve month period. However, the outturn in 2014 is forecast to be close to the 2012 figure.

Source: MEPS – Stainless Steel Review