Stainless steel pipe, fittings & flanges report: February 2019
MEPS forecasts global stainless-steel output will rise 4.7% in 2019, weaker than the 2018 estimate that output was up 7.6% Y/Y at 51.75 million tons. Yet, if these estimates hold, it would still remain a record year for global output.
US stainless-steel output likely increased by 50,000 tons to 2.85 million tons in 2018. MEPS expects output growth to trend moderately upward at 2% in 2019.