ISSDA: India's stainless steel production declines in 2020
According to statistics from Indian Stainless Steel Development Association (ISSDA), India’s stainless steel melt production was around 3.17 million tons in 2020, declining by approximately 19% compared to 2019.
Despite the production suspension from April to June 2020 due to the COVID-19 epidemic, Indian stainless steel production and demand have had a V-shape recovery since July 2020 after the government eased the national blockade.
Global stainless steel melt production dropped by 2.5% to around 50.89 million tons in 2020, of which China ranked first with around 30.14 million tons (a year-on-year increase of 2.5%), followed by India, according to data released by the International Stainless Steel Forum (ISSF).
