Stainless steel market estimates to expand by lightweight vehicles demand
It is reported that the global stainless steel market was estimated to grow in the next seven years. This could attribute to the development of light weight vehicles. Since there were increasing concern and policy stand on the side of environment protection, the high recycling rate of stainless steel would be indispensable to the growing market.
Even though the variable price of nickel could be a hinder for stainless steel manufactures, broad range of application of stainless steel in many sectors as well as the new technology applied in the production were injecting cardiotonic to the market.