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Industry Overview  
 
 

The stainless steel industry caters to the household appliances, hardware, industrial equipment, automotive and aerospace structural alloy and construction material markets. Not being heavy industrial segments, the production figures of stainless steel are not as high as the other Iron and Steel Industries.

The following illustration depicts the growth of Global Stainless Steel Production from 2001 to 2009:

 
The following illustration depicts the growth of Global Stainless Steel Production from 2001 to 2009 :
 
 

The Global Stainless Steel Production had risen every year from 19.18 million metric tons in 2001 to 28.36 million metric tons in 2006 showing a CAGR of 8.13%. As the world went through a recessionary phase from then on the production figures had fallen to 24.57 million metric tons in 2009 showing a negative CAGR of 4.66%.

The following illustration depicts the changing trend in share of total world production of Stainless Steel of the important regions from 2001 to 2009:

 
 

Source: International Stainless Steel Forum (ISSF), Brussels

 

The share of Global Stainless Steel Production of the Asian region has gone up from 43.8% in 2001 to 64.83% in 2009, while the share of the Western Europe/ Africa and the Americas have reduced from 42.79% and 11.93% in 2001 to 26.24% and 7.97% in 2009 respectively.