Stainless Steel Price Index Chart
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STAINLESS STEEL - OVERVIEW
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.
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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
Stainless Steel Price Development
MPI Bars of stainless steel
Increased by 11.24% in May 2022 compared to Apr 2022.
Increased by 49.09% in May 2022 compared to May 2021.