According to data released by the International Stainless Steel Forum (ISSF) on December 20, the global stainless crude steel output in the first three quarters of 2017 reached 36.084 million tons, an increase of 7.4%, over the previous year's 33.585 million tons. Compared with the same period of last year, among them, Europe grew by 1.7% to 5.544 million tons, the United States increased 14.8% to 2.1 million tons, Mainland China increased 8.8% to 19.669 million tons, Brazil, Russia, South Africa, South Korea and Indonesia total increased by 12.4% to 2.8422 million tons.
In the third quarter of 2017, the global stainless crude steel output reached 12.717 million tons, an increase of nearly 10.2% from the previous quarter. Most of the incremental from mainland China, reaching 1.129 million tons. Gross domestic product in Brazil, Russia, South Africa, South Korea and Indonesia posted the largest quarter-on-quarter growth of 33%. While in Europe and the United States both decreased.