Global stainless steel production will growing in the future

The global stainless steel market is expected to reach USD 127.19 billion by 2024

Stainless steel finds wide application in various end-use industries including building & construction, transportation, industrial machinery, household appliances, metal goods, and electronics owing to inherent characteristics such as durability, high tensile strength, and resistance.

According to the International Stainless Steel Forum (ISSF) recently released the latest statistics show 2016 global stainless steel production in the first half was 22.07 million tons, an increase of 4.1%, to 21.2 million tons compared to the same period of last year.

In Asia, China in particular is the main motivating factor. China and Asia production remains upward trend, Western Europe, Africa, Americas and Eastern Europe all have declined.

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