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In 2025, global stainless steel production is projected to increase by 2.1% year-on-year, reaching 64.2 million tons. JFS A3021 JEC270C Automotive steel strip, According to data from the International Stainless Steel Forum (ISSF), total production in the Asian region is expected to rise by 2.7% year-on-year to 55.3 million tons; within this total, China's stainless steel output is forecast at 40.87 million tons—accounting for 63.7% of the global share—representing a year-on-year increase of 3.6%.
During the same period, stainless steel production in the European Union is expected to decline by 1.9% year-on-year to 5.7 million tons; U.S. production is projected at 2.1 million tons, marking a 7.6% year-on-year increase; and the combined output of other nations (including Brazil, Russia, South Africa, Ukraine, and the United Kingdom) is forecast at 1.1 million tons, a year-on-year decrease of 11.3%.
Looking back at 2024, global stainless steel production rose by 7% year-on-year, reaching 62.62 million tons. Specifically, production in Europe (including Ukraine) increased by 1.5% year-on-year to 6.09 million tons; U.S. production grew by 6.9% to 1.95 million tons; and China's production reached 39.44 million tons, a year-on-year increase of 7.5%. JFS A3021 JEC270C Automotive steel strip, In the Asian region—excluding China and South Korea—stainless steel production rose by 6.4% year-on-year, totaling 7.32 million tons.
Furthermore, according to the GMK Center, the Italian government plans to promote stainless steel production utilizing scrap steel as a raw material. JFS A3021 JEC270C Automotive steel strip, The 2026 budget proposal outlines the provision of financial incentives to relevant manufacturing enterprises—effective through 2028—with the aim of facilitating the decarbonization and energy efficiency of production processes, thereby reducing corporate energy consumption.
