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Stainless Steel Crude Steel Production in the First Quarter Grew by 5.5% YoY to 14.585 Million Tons

Brussels, July 12, 2024 - The World Stainless Steel Association has released data for the first three months of 2024, indicating that the production of stainless steel crude steel has increased by 5.5% compared to the same period last year, reaching 14.585 million tons. It has decreased by about 1.3% compared to the previous quarter.

Among them, Europe decreased by 4.8% year-on-year but increased by 3.7% quarter-on-quarter to 1.558 million tons; the United States increased by 6.5% year-on-year and by 15.8% quarter-on-quarter to 0.509 million tons; Mainland China increased by 2.1% year-on-year but decreased by 4.5% quarter-on-quarter to 8.595 million tons; Asia (excluding Mainland China and South Korea) increased by 12.9% year-on-year but decreased by 5.2% quarter-on-quarter to 1.842 million tons; Other regions (Brazil, Russia, South Africa, South Korea, Indonesia) increased by 25.0% year-on-year and by 10.1% quarter-on-quarter to 2.081 million tons.

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