The use of Duplex stainless steel has been approved for use on Japanese tankers and vessels by the leading classification society Class NK. Class NK (Nippon Kajo Kyokai) is a well-respected organization that was founded to regulate the shipping industry in Japan.
Outokumpu will introduce the daily alloy surcharge pricing model for distributors in Europe. Daily alloy surcharge (DAS) will cover new orders as of January 1, 2014 onwards.
The Cherepovets Steel Mill, one of the largest integrated steel mills in the world and part of Severstal’s Russian Steel Division, signed another agreement for the supply of rolled steel for the production of Nissan Almera model.
Taiwan’s two main stainless steelmakers, Yieh United Steel Corp (Yusco) and Tang Eng Iron Works, are both keeping their domestic and export prices for all products unchanged for the rest of the month as the increase in average nickel prices
The common misconception many people have about stainless steel is that it is something that will not stain, rust or corrode. However, the reality is that only A316 or what they call “true stainless steel” falls under this category.