Worldstainless: Global crude stainless output jumps 6% YoY in Q1

Total production of crude stainless steel worldwide during this year's January-March quarter reached 15.55 million tonnes, higher by 6.2% on year though lower by 6% compared with the last quarter of 2024, according to new data released by Brussels-based worldstainless.

Contributing most to the on-year rise was production in Europe, the United States and China, with output in China rising the fastest during Q1, surging by 11.2% to 9.6 million tonnes, the association's statistics showed. However, China's high production also put pressure on the country's stainless steel prices, as demand