The forecast was released during ISSF’s annual conference in Kyoto, Japan.
ISSF expects that global stainless crude steel production will reach 29.8
million metric tons (mmt) in 2007. This represents a rise of 5.1% over 2006
production, in line with the long-term average. The comparative slowdown takes
into account the very high level of supply that occurred in many countries
during 2006, which caused a significant build-up of stainless steel stock at
service centers and fabricators.