The stainless-steel industry is seeing a slow recovery from the financial meltdown. In December 2013, The American Iron and Steel Institute (AISI) published a study, elaborating on the growth of steel products shipping. The report described that in October 2013, 42CrMo4 steel and suppliers in USA shipped an overall total of 8,287,553 tons to customers. This is a 5.2% increase from the 7,879,747 tons shipped in September 2013.
This can be in congruence to an announcement produced by the planet Steel Association in December also. The international trade body announced that global steel production has risen to 127 million tons, providing a total increase of three.6%. Even though this is great news for the steel industry generally speaking, one must ask the question, how will this benefit stainless steel producers and suppliers in america?
You can find auto recyclers and auto dismantlers which eliminate the functional parts and then sell them on the market. Parts which can be damaged and can’t be reused are recycled for different types of applications. Various fluids in a car can also be recycled. Fluids that can’t be recycled are disposed of without adversely affecting the environment. The metallic portion which can be mostly steel is crushed in to a small chunk then shred. The shredded steel is reused.
Steel is needed in a lot of areas. But manufacturing steel is an elaborate process using up a number of our natural resources. If steel is recycled from cars, it will help reduce the need to manufacture new steel which in turn will manage to benefit the environment.
There are numerous benefits which can be reaped by these events not only for stainless-steel producers but investors and customers also. Reinvestment in US Companies: For some time, there was clearly a trend of worth investors looking towards Latin America, China, as well as India for investing in steel production companies. Having an impending huge expansion of the SKD61 steel in the US once more, value investors are now able to think back to our own shores for investment opportunities. This may also make means for new business and investors.
Opportunities for Better Service Offerings: While an economic crisis is depressing to put it mildly, there is certainly always the opportunity to go back to the research phase and make better service offerings. Several steel conferences and expos round the country are seeing a number of technologies being presented by stainless steel pipe suppliers and producers. Companies are introducing better flash welding techniques, new coil joining options for automotive grade materials, improvements in machine controls, and new strategies for creating high strength steel. These can help immensely in attracting new clients from US and aboard.
New Foreign Customers: The reliability of US steel is unprecedented. The entire quality of materials, new design and production techniques, and increased exposure of excellent logistics and delivery is bringing many foreign clients. Today, you will find major companies from India, China, and Europe getting their steel requirements produced and delivered by US steel producers and suppliers.
Opportunities for Expansion:: The fact in the matter is The United States has over 75% of production materials in the country itself. The steel industry is renowned for its high amounts of productivity in addition to low off wage costs. With many foreign steel producers wanting to make an entry in to the US market, the present growth can make it a perfect time for mergers and acquisitions. One dlhfom find several US companies either tying on top of an international counterpart, acquiring steel mills in USA and abroad or perhaps opening new factories in foreign countries.
Potential for more Jobs: Perhaps the biggest advantage for US citizens, expansion can cause more job opportunities in america and abroad. There are lots of US companies who definitely are concentrating more about supplying as opposed to producing AISI 1045 steel. With every new stainless pipe supplier, there will probably be 2 to 3 new jobs being created. Whilst the bears and bulls may make an impact on the steel industry, eventually, there will probably always new and opportunities for growth and expansion.