Stainless steel melt shop production worldwide 2005-2022
Global steel industry
Stainless steel is used in a variety of industries, including construction, automobile assembly, chemical processing, piping, and pollution control, to name a few. Globally, the United States-Mexico-Canada Agreement (USMCA, previously NAFTA) recorded an increase in stainless steel export of roughly ten percent compared to 2021’s export level. However, apparent steel use had declined by three percent that same year.
Stainless steel in the U.S.
The U.S. accounted for a small percentage of the global stainless steel production; the production of stainless steel in the U.S. has dipped by nearly 15 percent in the year 2022. The U.S. and other USMCA countries continue to rely on stainless steel imports to meet demand. Most of the stainless steel imported to USMCA countries regionally came from Asia and Western Europe.