MEPS has upgraded its global crude stainless steel production forecast to 56.8 million tonnes, in 2021. A slowdown in Chinese output is being offset by stronger-than-expected activity in the rest of the world, particularly in Indonesia. Indonesian production has soared, this year. Mills in the country are expected to manufacture more than 4.5 million tonnes, in the current twelve-month period. As a result, Indonesia is set to surpass India as the second largest stainless steel producer in the world.
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