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What is stainless steel ? Stainless steel is an alloy, which is iron-based and contains various combinations of other elements to give it characteristics suitable for a wide range of applications. The element that makes stainless steel stainless is chromium. By definition, any steel, which contains a minimum of 11% chromium, is a stainless steel.

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In the fourth quarter of 2016 The World Steel Association predicted a small increase (0.5%) in global steel demand for 2017. That projection proved to be far too conservative as the same report (above) in October 2017 anticipates an 8% increase in the price of steel in 2018.

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