Global stainless steel production in Q2 grew by 5% q/q

Global stainless steel production in April-June 2025 increased by 5% compared to the previous quarter, reaching 16.36 million tons. Compared to the same period in 2024, the figure increased by 3.1%. This is evidenced by data from the non-profit organization World Stainless Association.

During this period, Europe reduced its stainless steel production by 5.1% y/y and 4.1% q/q – to 1.54 million tons. The US increased its production by 7.8% y/y and 1.1% q/q – to 559,000 tons over three months.

In Asia, excluding China and South Korea, stainless steel production in April-June 2025 increased by 4.1% y/y and decreased by 2.2% q/q – to 3.49 million tons, while China produced 10.54 million tons of stainless steel during the same period, up 3.9% y/y and 9.6% q/q.

Other countries, including Ukraine, Brazil, South Africa, Indonesia, South Korea, and Russia, increased their stainless steel output by 2.9% y-o-y and 1% q/q – to 225,000 tons.

As GMK Center reported earlier, global stainless steel production in 2024 increased by 7% compared to 2023, to 62.621 million tons. Over the year, Europe, including Ukraine, increased stainless steel production by 1.5% y/y – to 6.09 million tons. The US increased its production by 6.9% y/y – to 1.95 million tons over 12 months. China produced 39.44 million tons of stainless steel during the same period, up 7.5% y/y. In Asia, excluding China and South Korea, stainless steel production grew by 6.4% y/y last year – to 7.32 million tons.