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News: Stainless Steel News

Steel & Iron Recycled for London 2012

Posted in Industry News on 26th January 2012

With only months to go before the opening ceremony in London, the Olympic Park is almost ready. Built in one of London's most underdeveloped areas at Lower Lea Valley, the park hopes to trigger positivity in the area by providing new transport facilities, employment, housing, a green park and cultural sports facilities.

London won the Games based on their "reduce, reuse, recycle" approach that promotes a greener city, country and world.

Chinese Stainless Steel production forecast up slightly from last year

Posted in Industry News on 9th September 2011

China has been the largest steel industry in the world since around 2005 with approximately one third of the worlds share, being driven by ever increasing demand. However, it seems the current world economy is having an effect on Chinese Stainless Steel production, with forecasts only up slightly from last year.

Molybdenum in Constructional Engineering Steels and Stainless Steels

Posted in The World Of Metal on 31st August 2011

In 2009 approximately 21,200 tonnes of molybdenum were used across the globe. Constructional engineering and stainless steel sectors dominate with 60% of total usage. Although engineering steels typically use less the 1% Mo, more often 0.1 to 0.2% Mo, where the tonnages produced are enormous.

Seasonal Summer Fall In Stainless Steel Consumption

Posted in Industry News on 4th August 2011

The demand for stainless steel has weakened in the second half of this year in both American and European markets. The seasonal summer fall in consumption of steel (where many mills take annual breaks from production) appears to have arrived early in many parts of the world. Continued fears over the global economy may lead to subdued markets.

Australian Floods To Cause Long Term Effects On Global Steel Industry?

Posted in Industry News on 5th January 2011

Queensland, Australia is the main supplier of coal across the globe and many steel producing companies rely on its prompt delivery. But as rain has continued to fall over the last 3 months in the region, there have been significant delays to coal production as three quarters of the mines have had to close.