In 2022, global stainless steel production was measured at around 55.3 million metric tons. This was a decline of approximately five percent compared to the 2021 volume. Overall, the melt shop production volume mainly increased over the past decade. Prior to that, the yearly global stainless steel production was well below 30 million metric tons. Stainless steel is an iron alloy resistant to stains or rust due to a high level of chromium.
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 production is stainless melt shop production. The values for 2005 through 2013 are taken from previous editions.
Figures indicate ingot/slab equivalents of steel melt shop production in 1,000 metric tons.
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worldstainless. (June 15, 2023). Global stainless steel melt shop production from 2005 to 2022 (in 1,000 metric tons) [Graph]. In Statista. Retrieved September 01, 2024, from https://www.statista.com/statistics/223028/world-stainless-steel-production/
worldstainless. "Global stainless steel melt shop production from 2005 to 2022 (in 1,000 metric tons)." Chart. June 15, 2023. Statista. Accessed September 01, 2024. https://www.statista.com/statistics/223028/world-stainless-steel-production/
worldstainless. (2023). Global stainless steel melt shop production from 2005 to 2022 (in 1,000 metric tons). Statista. Statista Inc.. Accessed: September 01, 2024. https://www.statista.com/statistics/223028/world-stainless-steel-production/
worldstainless. "Global Stainless Steel Melt Shop Production from 2005 to 2022 (in 1,000 Metric Tons)." Statista, Statista Inc., 15 Jun 2023, https://www.statista.com/statistics/223028/world-stainless-steel-production/
worldstainless, Global stainless steel melt shop production from 2005 to 2022 (in 1,000 metric tons) Statista, https://www.statista.com/statistics/223028/world-stainless-steel-production/ (last visited September 01, 2024)
Global stainless steel melt shop production from 2005 to 2022 (in 1,000 metric tons) [Graph], worldstainless, June 15, 2023. [Online]. Available: https://www.statista.com/statistics/223028/world-stainless-steel-production/