According to ISSF the global stainless steel melting activities increased by 24.9% to a new record high of 30.7 million metric tons (mmt). This came after 3 years of declining stainless steel production driven by stock cycles and global economic crises. The strong recovery of the global stainless steel production has several reasons: economic recovery, strong end-use demand, re-stocking at service centers and fabricators and also the re-filling of the internal supply chain in the stainless steel mills which alone can count for half a million tons.
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