Stainless Steel

Stainless steel is an iron-based alloy with a wide spectrum of industrial applications where both the strength of steel and corrosion resistance are required.

Stainless Steel Price Index Chart

Price development

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STAINLESS STEEL OVERVIEW

Stainless Steel

Stainless steel is an iron-based alloy with a wide spectrum of industrial applications where both the strength of steel and corrosion resistance are required. Stainless steel has high resistance to corrosion, rust, and staining with water, unlike ordinary steel. It also has a long life cycle and is 100% recyclable.

Industries

Stainless steel’s strength, resistance to corrosion and low maintenance make it the ideal material for a wide range of applications. It is primarily used within the following industries

  • Building and Construction
  • Automotive and Transportation
  • Oil and Gas
  • Household appliances
  • Machinery

Stainless Steel Price Development

MPI Bars of stainless steel
Increased by 0.19% in Dec 2020 compared to Nov 2020.
Decreased by 6.17% in Dec 2020 compared to Dec 2019.