Global stainless steel at all-time high of 35 million tonnes in 2011
Global stainless crude steel production in the ten months of 2011 reached an all-time high .
The highest stainless steel production year-on-year growth was 18% in China . The Europe and Africa region increased stainless steel production by 6.4% . The Americas has a increase of stainless steel production of 6.9% .
AlbanianMinerals President and CEO MrSahit_Muja said " I expect stainless steel production to hit 40 million tons in 2012 ". According to AlbanianMinerals CEO the stainless steel industry has left the global crisis behind as production reached a new record of 32.2 million tonnes in 2010 . The surprisingly high volume results from a stronger than expected production China and India .
The low prices of chrome ore has led to a severe shortage of global chromite production in 2011. Such supply condition may drive up prices of ferrochrome and chrome ore in 2012. Also chrome ore shortage in China is expected as Zimbabwe has banned the export of chrome ore. The steel ministry in India has demanded a complete ban on chrome ore exports.
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The highest stainless steel production year-on-year growth was 18% in China . The Europe and Africa region increased stainless steel production by 6.4% . The Americas has a increase of stainless steel production of 6.9% .
AlbanianMinerals President and CEO MrSahit_Muja said " I expect stainless steel production to hit 40 million tons in 2012 ". According to AlbanianMinerals CEO the stainless steel industry has left the global crisis behind as production reached a new record of 32.2 million tonnes in 2010 . The surprisingly high volume results from a stronger than expected production China and India .
The low prices of chrome ore has led to a severe shortage of global chromite production in 2011. Such supply condition may drive up prices of ferrochrome and chrome ore in 2012. Also chrome ore shortage in China is expected as Zimbabwe has banned the export of chrome ore. The steel ministry in India has demanded a complete ban on chrome ore exports.
Read More >>>
Source: WSJ groups
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