Brace for higher prices for industrial materials in coming months. Rising prices are triggering inventory building, creating the strongest demand for steel, nonferrous metals, and plastics in more than two years. Prices for flat-rolled carbon steel, the bellwether grade, have jumped six times since November, for total actual increases in the 20-to-30 percent range. Cash prices on the London Metal Exchange for nickel, a key stainless steel ingredient, have risen 15 percent since early January. Whirlpool announced this week that it will raise prices because of rising steel, plastics and paint costs. Value engineering efforts are sure to intensify as a way to fight higher materials’ costs.
How can automakers, aerospace contractors, and other OEMs get new metal alloys that are stronger, harder, and can survive ever higher temperatures? One way is to redesign their crystalline structures at the nanoscale and microscale.
Although a lot of the excitement about 3D printing and additive manufacturing surrounds its ability to make end-products and functional prototypes, some often ignored applications are the big improvements that can come by using it for tooling, jigs, and fixtures.
A fun and informative tour you can attend at the upcoming Design & Manufacturing Minneapolis, MD&M Minneapolis, and other events there, is the Materials Innovation Tour on Wednesday afternoon. I'll be leading it.
Focus on Fundamentals consists of 45-minute on-line classes that cover a host of technologies.
You learn without leaving the comfort of your desk. All classes are taught by subject-matter experts and all are archived.
So if you can't attend live, attend at your convenience.