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.
Oak Ridge National Laboratory has developed a surface preparation method to improve joining carbon composites with aluminum, with potentially far-reaching ramifications for high-volume industrial applications.
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