The stainless-steel industry is seeing a slow recovery from the financial crisis. In December 2013, The American Iron and Steel Institute (AISI) published a written report, elaborating on the growth of steel products shipping. The report described that in October 2013, AISI 4140 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 can be in congruence for an announcement made 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 an overall increase of three.6%. While this is good news for that steel industry generally speaking, one must ask the question, how can this benefit stainless steel producers and suppliers in the US?
You can find auto recyclers and auto dismantlers which remove the functional parts then sell them in the market. Parts that are damaged and can’t be reused are recycled for several types of applications. Various fluids in the vehicle will also be recycled. Fluids that can’t be recycled are disposed of without adversely affecting the surroundings. The metallic portion which can be mostly steel is crushed into a small chunk then shred. The shredded steel is reused.
Steel is needed in a lot of areas. But manufacturing steel is surely an elaborate process using up a number of our natural resources. If steel is recycled from cars, it can help reduce the necessity to manufacture new steel which in turn will manage to benefit the surroundings.
There are lots of benefits that may be reaped by these events not only for stainless steel producers but investors and customers too. Reinvestment in US Companies: For a while, there was a trend of worth investors looking towards Latin America, China, and even India for purchasing steel production companies. With the impending huge development of the DIN 1.2344 steel in the united states once more, value investors are now able to think back to our own shores for investment opportunities. This may also make way for new business and investors.
Opportunities for Better Service Offerings: While an downturn in the economy is depressing to say the least, there is always a chance to go back to the investigation phase and make better service offerings. Numerous steel conferences and expos around the country are seeing a number of new technologies being presented by stainless-steel pipe suppliers and producers. Companies are introducing better flash welding techniques, new coil joining options for automotive grade materials, improvements in machine controls, and new ways of creating high strength steel. These can 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 increased exposure of 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 fact of the matter is The Usa has over 75% of production materials inside the country itself. The steel industry is recognized for its high levels of productivity as well as low off wage costs. With lots of foreign steel producers seeking to make an entry into the US market, the current growth causes it to be an ideal time for mergers and acquisitions. One dlhfom find numerous US companies either tying on top of an international counterpart, acquiring steel mills in USA and abroad or even opening new factories in foreign countries.
Possibility of more Jobs: Possibly the biggest advantage for US citizens, expansion can result in more job opportunities in the US and abroad. There are numerous US companies that are concentrating much more on supplying instead of producing AISI 1045 steel. With every new stainless steel pipe supplier, there will probably be 2 to 3 new jobs being created. As the bears and bulls may make an impact on the steel industry, at some point, there may always new and much better opportunities for growth and expansion.