World Stainless Steel Price
Steel is an alloy of iron and other elements, mainly carbon. Steel is one of the world’s most important materials used in construction, cars and all sorts of machines and appliances. By far the biggest producer of crude steel is China, followed by the European Union, Japan, United States, India, Russia, and South Korea. The biggest producers of iron ore are China, Australia, Brazil, India, Russia, Ukraine, and South Africa. The standard contact weights 65 tonnes. This page provides – Steel – actual values, historical data, forecast, chart, statistics, economic calendar, and news. Steel – actual data, historical chart, and calendar of releases – was last updated in 2019.
World Stainless Steel Prices are computed from an arithmetic average of the low transaction values identified in three regions (EU, Asia, and North America), converted into US dollars using currency exchange rates effective at the start of each month to provide a basis for comparison.
|Month||Hot Rolled Coil (304)||Cold Rolled Coil (304)||Hot Rolled Coil (316)||Cold Rolled Coil (316)|
Stainless Steel prices are also available for USA, China, Japan, South Korea Taiwan, Germany, France, Italy, UK, Spain, Sweden, Denmark, Netherlands, and other countries.
Stainless Steel Introduction
Stainless steel is not a single material but the name for a family of corrosion-resistant steels. Like many scientific discoveries, the origins of stainless steel lies in a serendipitous accident. In 1913 Sheffield, England, Harry Brearley was investigating the development of new steel alloys for use in gun barrels. He noticed that some of his samples didn’t rust and were difficult to etch. These alloys contained around 13% chromium.
The first application of these steels was in cutlery for which Sheffield subsequently became world-famous. Simultaneous work in France led to the development of the first austenitic stainless steels.
Worldwide demand for stainless steel is increasing at a rate of about 5% per annum. Annual consumption is now well over 20 million tonnes and is rising in areas such as the construction industry and household appliances. New uses are being continuously found for the attractive appearance, corrosion resistance, low maintenance and strength of stainless steel. Stainless steel is more expensive than standard grades of steel but it has greater resistance to corrosion, needs low maintenance and has no need for painting or other protective coatings. These factors mean stainless steel can be more economically viable once service life and life-cycle costs are considered.