In 2023, global stainless steel crude steel production will increase by 4.6% year-on-year, with mainland China accounting for nearly 62.8%.

World Stainless has released global stainless steel statistics for 2023. In 2023, global stainless steel crude steel production will reach 58.444 million tons, a year-on-year increase of approximately 4.6%.

Specifically, in 2023, except for the stainless steel crude steel production in mainland China, which increased by about 12.6% year-on-year to 36.676 million tons, the production in other regions has declined: Europe has decreased by about 6.2% year-on-year to 5.902 million tons, and the United States has decreased by about 9.6% year-on-year. % to 1.824 million tons. Asia excluding China, South Korea, and Indonesia (mainly India, Japan, and Taiwan) fell by about 7.2% year-on-year to 6.880 million tons. Other regions (Indonesia, South Korea, Brazil, Russia, and South Africa) ) fell approximately 5.2% year-on-year to 7.163 million tons. In 2023, mainland China's stainless steel crude steel production will account for nearly 62.8% of global stainless steel crude steel production, an increase of approximately 4.4 percentage points from 2022.

In the fourth quarter of 2023, global stainless steel crude steel production was mainly affected by mainland China, falling by nearly 2.2% quarter-on-quarter to 14.773 million tons. Among them, mainland China decreased by nearly 9.8% month-on-month to 8.997 million tons, the United States decreased slightly by nearly 0.5% month-on-month to 440,000 tons, Europe increased by nearly 18.3% month-on-month to 1.502 million tons, and Asia excluding mainland China, South Korea, and Indonesia increased month-on-month. It increased by about 20% to 1.943 million tons, and that in other regions increased by nearly 5.2% month-on-month to 1.891 million tons.