However, that trend has changed course over the past 30-45 days, with prices coming down nearly 30%. In the past 6 months, the price of molybdenum (moly) has nearly doubled in price. The price of chrome is anticipated to be up 15% quarter-over-quarter.
Stainless steel grades contain anywhere from 16% to 18% chromium. What is the Price of Chrome?Ĭhrome is short for chromium, which is the primary alloying element in all stainless steels. Here is a look at what is happening with some of them in recent weeks. The price of stainless steel is influenced heavily by the price of underlying commodities. Contact us today to see how we can make your project a reality.In the clip below, Nick Webb, Ryerson's director of risk management, commodity hedging, describes why stainless steel prices and margins may be coming under pressure in the coming months. When it comes to stainless steel fabrication, Superior Steel cannot be beat. There’s a reason that many household appliances feature stainless steel, as it makes a visually-pleasing addition to any space. With higher grades, there is a significant strength-to-weight advantage that allows for less material to be used to achieve the same result as lower grades of stainless steel and other metals. Stainless steel’s resistance to high temperatures makes it a popular choice for various heat exchangers, boilers, valves, and other applications where high levels of heat are present.
Stainless steel is very hygienic making it perfect for use in hospitals, kitchens, or anywhere where hygiene is of the utmost importance. The strength of the steel is not compromised when it is recycled. uses recycled metal materials. Recycled steel uses less energy to refine, purify, and shape components. As much as 50% of stainless steel production in the U.S. Lower percentages will work well in wet environments while higher percentages are required for acidic or alkaline environments. Stainless is especially durable because it has anti-corrosive properties, and will not succumb to rust or the exposure to pollutants. The percentage of chromium determines how resistant the steel is to corrosive environments. Other advantages to choosing stainless steel are: As of January 2019, the cost per pound for a stainless steel sheet 304 2B is $1.38 the cost per pound of 430 sheet is $1.03. This makes stainless steel a more economical choice in the long run. Though it has a high upfront cost, that cost is spread out over a longer lifespan than other comparable materials. Probably the biggest advantage to working with stainless steel is its value. Lower grades work well when exposed to atmospheric and water environments while higher grades are preferable for exposure to either alkaline or acidic solutions. There are over 60 different grades of stainless steel. The addition of chromium to the steel causes the formation of a chromium-oxide film which gives stainless steel its unique properties such as its resistance to corrosion and its ability to heal itself when in the presence of oxygen. Stainless steel is a low carbon steel that must have a minimum of 10% chromium. Here is a brief overview of stainless steel, its properties, and the advantages you get from it.
It is strong, durable, versatile and recyclable.Īt Superior Steel Fabrication and Superior Machining, we specialize in contract fabrication and precision machining, so we’ve had our fair share of experience working with stainless steel. For centuries, stainless steel has been used in architecture, engineering, landscapes, interiors, and maritime construction. Stainless steel is one the most popular choices for material construction. We wanted to bring back our most popular post to provide a cutting-edge look at the advantages of stainless steel (originally published in October 2017).
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