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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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.

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 4.77% in Mar 2021 compared to Feb 2021.
Increased by 9.34% in Mar 2021 compared to Mar 2020.