I learned two things from a quick recent conversation with Alexander Wilson of Mittal Steel and bridge steel maven:
New high-performance steels designed for bridge applications are now being qualified for other applications—pressure vessels used in nuclear power plants and platforms used in offshore oil drilling. The new steel provides up to 18% cost savings and 28% weight savings.
Some stability is expected in pricing this year. Costs for materials used in the two primary production streams (electric furnace and integrated mill) are stable. Look for modest increases and stable availability.
Most of the new 3D printers and 3D printing technologies in this crop are breaking some boundaries, whether it's build volume-per-dollar ratios, multimaterials printing techniques, or new materials types.
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