World stainless steel output to fall

MEPS are reporting that world stainless steel output is to fall in 2009. According to the consultancy, global stainless steel production will come to ~20.8 million tonnes in 2009, which represents a production fall of around 20 per cent from 2008 levels. The Western world figure (excluding China and Russia at 13.5 million tonnes will be the lowest production figure since 1994 - and indicate the third consecutive annual decline in Western stainless steel output.

You can read more at http://www.meps.co.uk/editorial04-09.htm

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