The stainless-steel industry is seeing a slow recovery from the economic crisis. In December 2013, The American Iron and Steel Institute (AISI) published a report, elaborating on the development of steel products shipping. The report detailed that in October 2013, DIN 1.7225 steel and suppliers in USA shipped a 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 really is in congruence with an announcement produced by the entire world Steel Association in December too. The international trade body announced that global steel production has risen to 127 million tons, providing a total increase of 3.6%. While this is fantastic news for your steel industry in general, one must ask the question, how can this benefit stainless steel producers and suppliers in the united states?
You can find auto recyclers and auto dismantlers which remove the functional parts and then sell them in the market. Parts which can be damaged and can’t be reused are recycled for different types of applications. Various fluids in the vehicle will also be recycled. Fluids that can’t be recycled are discarded without adversely affecting the environment. The metallic portion which is mostly steel is crushed in to a small chunk and then shred. The shredded steel is reused.
Steel is necessary in a lot of areas. But manufacturing steel is definitely an elaborate process using up many of our natural resources. If steel is recycled from cars, it will greatly reduce the need to manufacture new steel which often will benefit the environment.
There are many benefits that may be reaped by these events not merely for stainless steel producers but investors and customers too. Reinvestment in US Companies: For quite a while, there was clearly a trend of worth investors looking towards Latin America, China, as well as India for purchasing steel production companies. With an impending huge expansion of the SKD61 steel in the united states once more, value investors are now able to look back to our shores for investment opportunities. This could also make way for new business and investors.
Opportunities for Better Service Offerings: While an downturn in the economy is depressing as you would expect, there is always an opportunity to go back to the research phase and create better service offerings. A number of steel conferences and expos around the country are seeing several new technologies being presented by stainless steel pipe suppliers and producers. Companies are introducing better flash welding techniques, new coil joining techniques for automotive grade materials, improvements in machine controls, and new methods of creating high strength steel. These will help immensely in attracting new business from US and aboard.
New Foreign Customers: The longevity of US steel is unprecedented. The entire quality of materials, new design and production techniques, and focus on 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 actual fact of the matter is America has over 75% of production materials inside 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 into the US market, the current growth makes it a perfect time for mergers and acquisitions. One dlhfom find several US companies either tying up with an international counterpart, acquiring steel mills in USA and abroad as well as opening new factories in foreign countries.
Possibility of more Jobs: Possibly the biggest advantage for US citizens, expansion can cause more opportunities in the united states and abroad. There are numerous US companies who are concentrating more on supplying as opposed to producing AISI 1045 steel. With every new stainless-steel pipe supplier, there will most likely be 2 to 3 new jobs being created. While the bears and bulls might make a direct impact on the steel industry, sooner or later, there will probably always new and better opportunities for growth and expansion.