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.
NASA and Boeing developed a huge, carbon composite cryogenic fuel tank for deep space missions, and started testing it last month. The 18-ft cryotank will enable heavy-lift launch vehicles to send both humans and robots into deep space.
German engineering firm EDAG Group showed a single-piece, 3D-printed car body design inspired by a turtle at the Geneva Motor Show. It came about after an assessment of how additive manufacturing could be applied to making industrial components, modules, and complete vehicle bodies.
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