Heating and hot water account for almost half of total building energy consumption worldwide. Despite the growing popularity of electric heat pumps, the vast majority of heating relies on the combustion of fossil or renewable fuels. Heating methods that involve combustion tax equipment due to high temperatures and the formation of corrosive byproducts, which can affect not only efficiency but also safety. Therefore, modern heating systems increasingly rely on molybdenum-containing stainless steels.

JUYE METAL brings you the latest stainless steel industry news.

JUYE METAL brings you the latest stainless steel industry news.

Reveal nickel-plated stainless steel strip, performance characteristics and application field overview.



Nickel-plated stainless steel strip as a kind of material widely used in various fields, its performance characteristics and application range have attracted much attention, this article will give you a detailed introduction to the performance characteristics of nickel-plated stainless steel strip, production process and main application areas, to help you better understand this product.

Salt spray test for stainless steel plate coil metal

Stainless steel tips: salt spray test for an hour is equivalent to how much time in the natural environment .

In 2023, global stainless steel production saw a significant increase of 4.6%, reaching a total of 58.4 million tons. This data, provided by the World Stainless Steel Association, highlights a recovery in the industry.

In February 2024, the global crude steel production from 71 countries included in the World Steel Association's statistics reached 148.8 million tons, marking a 3.7% increase compared to the previous year. Here’s a detailed breakdown of production by region, showcasing the diverse performance across the globe:

The global stainless steel market is poised for fluctuating growth in the near term, influenced by various factors contributing to sluggish growth in 2023. However, with the economy improving and supply chain concerns easing, demand is expected to rebound, particularly in the latter half of 2024. Key challenges the industry faces include shifting consumer preferences, the need for industrial policy amendments, significant fluctuations in raw material costs due to geopolitical tensions, and expected subdued economic growth. Despite these challenges, the industry has opportunities for resilience and innovation, focusing on sustainability and engagement in business ecosystems.