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World stainless steel production increased by 16% in 2006.(GLOBAL ECONOMY)(International...

The International Stainless Steel Forum (ISSF) has announced that stainless steel production rose by 16.7% to 28.4 million metric tons (mmt) in 2006. All major regions of the world contributed to this strong growth.

Crude stainless steel production in Asia grew by 20.6% to 15.1 mmt. Asia now produces more than half of all stainless steel in the world. The driving force was China, with production of 5.3 mmt of stainless steel, a growth of 68% compared to 2005. The strong increase in production is partially based on new capacity that came on-stream during 2006.

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