Given the fact that it is an international market, the value of the dollar also plays a role. ![]() The surcharges are known at the end of the month and are therefore linked to the nickel price. The alloy surcharge, then, has an important influence of the volatility of stainless steel prices. As a result, there is a disconnect between the value of nickel and the real economy, sometimes leading to very volatile stainless steel prices which benefit no-one. Of course supply and demand play a role here, but there is also the influence of speculators who place large bets on the commodities market. ![]() Whereas in the past producers often wanted to produce at any cost, resulting in supply exceeding demand and causing prices to plummet, we see in periods of economic crisis that producers are more likely to tailor their production capacity to make supply better match the lower demand.Ī second aspect is the ”alloy surcharge”, which is closely related to the nickel price quoted on international markets. This is a price that is set by the producers and that is strongly influenced by supply and demand. Factors that influence the price of new stainless steel materialsĪn initial determining factor is the so-called “ base price”. Nevertheless, some factors that influence the price can be identified. While it used to be possible more or less to predict price changes a few months in advance, that is no longer the case. Of course the trends are more obvious if you follow stainless steel prices over the years, but you would need a crystal ball to get a clear picture. It is extremely difficult to predict whether prices will increase or decrease, certainly in the medium- to long-term. Iron and aluminium prices are also fluctuating, but not as much as stainless steel. Versatile Applications: Suitable for various industries and uses.Stainless steel prices are very volatile at present, as those in the industry will know.Excellent Formability: Easily shaped and fabricated.Hygienic and Easy to Clean: Smooth surface, resistant to bacterial growth.High Temperature Resistance: Maintains strength at high temperatures.Corrosion Resistance: Resistant to rust and oxidation.Special Features of 304 stainless steel sheet ![]() And not to forget that these 304 SS sheets and plates also have high strength-to-weight ratio, fair resistance to thermal and electrical conductivity, ease of fabrication and cleaning making them the favorites across all industrial sectors. The steel provides excellent weight-bearing properties, high corrosion resistance, and superior durability. Today 304 Stainless steel sheets have emerged as the most used steel variant in almost all sectors. Indoor architectural and decorative hardware like panels, sculptures, sconces, etc. ![]() Fasteners and finishing hardware like screws, nuts, bolts, plates, handles, etc.Common uses of 304 stainless steel sheets and plates: Cost-effective and versatile as these sheets are, they are most suitable in industrial sectors like the food & beverage industry, pressure containing applications, aerospace structures, cryogenics, sanitary uses or architectural structures, home décor, site furnishings, etc. Application Areas:īecause of the 304 stainless steel sheet’s tensile strength, high resistance to rust, and high fabrication ability it is an ideal choice for applications where durable support and corrosion resistance are required. The price of these sheets is lower compared to other grades of stainless steels and in fact among all metallic products in general. The 304 stainless steel sheets also used in drums, barrels, dairy equipment, food processing and in making hospital equipment.Īs for the pricing of 304 stainless steel sheets, these are considered the most cost-effective grade of steel. Because of this high resistance 304SS sheets are used in evaporators, heat exchangers or in other high temperature applications. In addition to the various USPs of 304 stainless steel sheet including availability in a wide variety of finishes, resistance to rust, and strength, these sheets can withstand high temperatures up to 870 degrees Celsius.
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