Stainless crude steel production trends analysed
A
MEPS (International) product story
Edited by the Engineeringtalk editorial team
Nov 4, 2005
Global stainless crude steel production is expected to reach 25 million tonnes this year and forecast at 26 million tonnes in 2006, according to MEPS (International).
Global stainless crude steel production is expected to reach 25 million tonnes this year and forecast at 26 million tonnes in 2006, according to MEPS (International).
Expansion in 2005 is expected only in China and India.
Decreases are anticipated in most industrialised nations.
Production is predicted to decline in the European Union (EU) by 450,000 tonnes this year as the mills cut back output in an effort to prop up prices.
A modest rise to 8.65 million tonnes is forecast for 2006 as inventories reduce and consumption picks up once again.
The situation in Japan mirrors that in the EU - with a 100,000 tonne projected fall in 2005 followed by a pick up in 2066 as the supply and demand become more in balance.
The picture in South Korea is very similar.
Output will be lower in 2005 as oversupply affects the market and producers cut production.
In 2006, a modest revival is anticipated as inventories and consumption return nearer equilibrium.
The curbs to supply in the second half of this year should assist this difficult market condition in Taiwan.
In the USA, demand held up reasonably well for most of this year.
The market in the final quarter is weakening but should not be sufficient to push output in 2005 significantly below the previous year's outturn.
A small improvement is expected in 2006.
No growth in output is anticipated in the 'others' category in 2005.
Firm local demand should push up Indian production.
No gains are expected in Brazil or Canada due to poor domestic consumption.
Weak exports will stifle supply by the South African mill.
We estimate that Western World stainless production this year will be 650,000 tonnes (3%) below the outturn in 2004 - which was not sustainable given real market demand in most countries.
A 3.5% increase is forecast for 2006 as oversupply reduces.
Chinese production is expected to expand by more than 1 million tonnes in 2005 as new capacity comes on stream and recently installed units move up to realistic utilisation rates.
Russian supply will be lower.
Chinese output growth is likely to slow in 2006.
Not what you're looking for? Search the site.
Google Ads
Contact MEPS (International)
Related Stories
- Risk assessment company offers independent advice
- Research team wins artificial intelligence award
- IMechE publishes energy efficiency report
- Concern over wireless incompatibility
- Large industry predicted for carbon capture
Articles by product category
- Consultancy and Services (903)
- Machine Building (4,517)
-
Engineering Design Software (6,179)
- Engineering Design Software (12)
- 2D CAD software (200)
- 3D CAD software (1,157)
- FEA and structural analysis software (369)
- Fluid, thermal, noise, vibration software (334)
- Simulation, modelling, validation software (914)
- Rendering, visualisation, styling software (196)
- Materials design and moulding design software (151)
- Process, instrumentation, automation software (258)
- Electrical design software (164)
- Publishing and documentation software (229)
- Maths, charting, statistics, QA software (317)
- Data, document management software (310)
- CAM, CNC, production management software (568)
- File conversion software, data capture (351)
- PLM and collaboration software (649)
-
Drives, Motors and Controls (3,361)
- Drives, Motors and Controls (1)
- Precision Motors and Gears (411)
- Industrial Drives/Controls (1,276)
- Linear Drives and Motors (114)
- Industrial Motors (497)
- Stepper and Servo Drives, Motors, Controls (1,060)
- Small Mechanical Components, Joining, Tools (1,975)
-
Control and Instrumentation (5,028)
- Plantwide control (1,324)
- Plant- and Machine-Wide Communications (1,174)
- Smaller-Sized PLCs (387)
- CNC and Motion Controllers (184)
- Mid-range and Large PLCs (201)
- Power Supplies, Uninterruptible Power (562)
- HMIs/Operator Interfaces (294)
- Logic Controllers, Timers and Relays (96)
- Cabling, Conduit, Signal Conditioning (806)
-
Monitoring, Measurement and Quality (5,459)
- Monitoring, Measurement and Quality (1)
- Data acquisition Software and Communications (494)
- Data Acquisition Hardware and PC I/O Boards (472)
- Electrical and Electronic Testing, PAT Equipment (630)
- Form/co-ordinate, optical, vision instruments (703)
- Gauges, Indicators and Instruments (440)
- Data loggers (422)
- Materials testing equipment (421)
- Telecomms/network test equipment, software etc (154)
- Testing and Calibration Services and Information (500)
- Testing, analysing and monitoring equipment (1,222)
-
Electrical and Electronic Equipment Design (4,160)
- Batteries, chargers and circuit protection (555)
- Connectors, Terminals, Busbars, Slip Rings (679)
- Enclosures and Equipment Cooling Fans (709)
- Knobs, Handles and Enclosure Hardware (420)
- PCs and Embedded Systems (798)
- Electrical and Electronic Subassemblies (369)
- Electrical and Electronic Components (630)
-
Materials and Processing (2,963)
- Materials and Processing (5)
- Materials and components (2,215)
- Rapid Prototyping (458)
- Materials processing and testing (285)
-
Engineering Industry News, Resources (6,093)
- Engineering Industry News, Resources (4)
- Engineering Business News, Views (388)
- Engineering Exhibitions, Events (562)
- Engineering Conferences (425)
- Engineering Seminars (400)
- Engineering Industry Developments, Awards (633)
- Engineering Guides, Newsletters (349)
- Engineering Recruitment, Employment (219)
- Engineering Training Courses (433)
- Engineering Education, Resources, Standards (838)
- Engineering Industry Reports, Surveys (597)
- Electronic Resources for Engineers (278)
- Health and Safety Legislation (402)
- Health and Safety Strategy, Risk Assessment (113)
- Health and Safety Consultancy, Software (175)
- Health and Safety Events, Training, News (277)
-
Powertrain Design (3,598)
- Powertrain Design (2)
- Bearings (939)
- Chains and belts (326)
- Gears, brakes, couplings and engines (1,441)
- Hydraulic Components (471)
- Lubricants (418)
-
Capital Equipment (3,387)
- Capital Equipment (1)
- Manufacturing Machinery and Plant Equipment (468)
- Production line blowers and fans (62)
- Compressors and Air Treatment (510)
- Electronics Manufacturing, Tools, Instruments (192)
- Electrical hardware (131)
- Machinery and Production Equipment (1,093)
- Robotics, Handling and Storage (930)
-
Sensors (7,080)
- Sensors (8)
- Accelerometers and Vibration Sensors (427)
- Loadcells, Force Sensors, Torque Sensors (699)
- Pressure sensors (621)
- Flowmeters and Flow Sensors (618)
- Level Sensors and Leak Detectors (527)
- Linear Position Sensors (399)
- Rotary Position, Tilt and Angular Sensors (546)
- Proximity Sensors (700)
- Gas, Chemical, Radiation, Magnetic Sensors (284)
- Humidity and Environmental Sensors (152)
- Temperature sensors (612)
- Vision and Colour Sensors (1,384)
- Barcode Sensors (103)
- Valves, Pumps, Process Hardware (3,623)
