International Stainless Steel ... TN Online Bd Store. global stainless steel market
Stainless steel is an alloy of iron-containing nickel and chromium that protect against corrosion and rust.
This material is remarkably strong and resistant to high temperatures, providing optimal performance in severe environmental and chemical conditions.
Stainless steel makes it ideal for use in the construction, automotive, and transportation sectors.
Its versatility makes it a popular element in household railings and household items such as many appliances and cutlery.
Over the past few decades, the demand for stainless steel has surpassed that of other metals.
At a recent BIR convention, it was noted that the compound annual growth rate (CAGR) for stainless steel was 5.6% for the period 2000 to 2018, with China recording a particularly strong CAGR of 14% over the same period. global stainless steel market
In addition to nickel and chromium, other major alloying elements used in steel alloys include molybdenum, titanium, tungsten, and vanadium.
These metals are rare and found in very few parts of the world, which makes extraction expensive and difficult. home
Therefore recycling is essential to reduce the depletion of the planet's natural resources; As a result, the recycling industry has become an important factor in providing a stable supply of quality secondary raw materials.
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