The oil and gas industry is a crucial component of a well-functioning economy, and it’s stainless steel that plays an essential part in keeping this industry running worldwide. Steel pipes are used to transport oil, gas, and other important liquids safely and efficiently. Unlike most other materials, it is strong, durable, and resists corrosion. This...
The steel industry has been around since the late 18th century. A time when the industrial revolution brought up new and innovative designs that relied on the advantageous qualities of steel to realize them. However, it’s only advanced further over time, especially in terms of technology and modernization. Thanks to current technological advancements, steel manufacturing...
The steel industry is indispensable to the global economy, making its overall prospects a large concern for businesses and consumers alike. In this article, we will look over the current state of the industry, the current global challenges likely to create an impact, and what the experts are predicting for 2023. The Current State of...
The development of steel structures in the United States is a history full of innovation. This article highlights some of the key periods that led steel to become one of the most widely used and respected material choices today. What Is Steel? Steel is an ideal building material for buildings, ships, cars, and bridges due...
Steel’s legacy through human history has made long-lasting impacts on nearly every sector of our modern lives. The Iron Age Steel is one of the oldest documented materials used by humankind. Nearly 4,000 years ago was the beginning of the era now known as the Iron Age. Previously, many people were using bronze, but considering...
While the steel industry does have some potential risks for 2023, the overall trends and predictions indicate that the sector should maintain its strength coming into the new year. Current Supply Chain Issues Supply chain hold-ups may have a lasting impact going into 2023. Many businesses and consumers are noticing a shortage of goods and...
Railroad transportation is critical and a strike has the potential to cost billions of dollars and highlights weaknesses in our supply chain.
The steel industry outlook is currently being affected by Russia’s ongoing invasion of Ukraine and its myriad of knock-on effects.
Steel is always a hot commodity in the global market, but the demand for steel has increased by record amounts over the past two years, and shortages are causing market issues. Many buyers have expressed their concern about having enough steel for production needs in 2022.
Recovery is the word of the year as the steel industry comes roaring into 2021. With the third coronavirus vaccine now on the horizon, a calmer wave of steadily growing supply and demand will set the industry on the path to return to pre-pandemic levels.