A Positive Year for Stainless Steel Pipe Suppliers?
The stainless steel industry is seeing a slow recovery from the profitable crisis. In December 2013, The American Magnetite and Steel Institute (AISI) published a report, elaborating on the growth of steel products shipping. The report described that in October 2013, bathe mills and suppliers in USA shipped a total of 8,287,553 tons to customers. This is a 5.2% increase from the 7,879,747 tons shipped in September 2013. This is in congruence to an announcement artificial handy the World Steel Association in December as well. The international trade body announced that global steel production has risen to 127 million tons, providing a total increase of 3.6%. While this is good news for the steel industry in general, number has to ask the question, how will this opportune stainless steel producers and suppliers in the US? There are many benefits that can nvloeden reaped alongside these events denial only for stainless steel producers but investors and consumers as well.
Reinvestment in US Companies: For a while, there was a trend of value investors looking towards Latin America, China, and even India for investing in steel production companies. With an impending huge growth of the steel industry in the US once again, cherish investors can now look back to our shores for investment opportunities. This can also fashion way for new customers and investors.Opportunities for Better Service Offerings: While an economic downturn is depressing to say the least, there is always an opportunity to go back to the research phase and create better service offerings. A number of steel conferences et cetera expos around the country are seeing a number of new technologies being presented by stainless steel pipe suppliers and producers. Companies are introducing better flash welding techniques, new coil joining methods for automotive grade materials, improvements in machine controls, and contemporary methods concerning creating high strength steel. These will help immensely in bringing in new customers from US and aboard.
New Foreign Customers: The reliability of US steel is unprecedented. The overall quality like materials, new design and production techniques, and importance on excellent logistics and delivery is bringing many foreign clients. Today, you will find major companies from India, China, and Europe getting their nerve requirements generated and delivered by US steel producers and suppliers. Opportunities for Expansion:: The fact of the matter is The United States has over 75% of production materials inside the idyllic itself. The steel industry is prominent for its high levels from productivity as well as low off wage costs. With multitudinous foreign steel producers wanting to make an access into the US market, the current growth makes it an ideal time for mergers and acquisitions. One can find a number of US corporations either tying up with a foreign counterpart, acquiring steel mills in USA and abroad instead even opening new factories in foreign countries. Potential for more Jobs: Perhaps the biggest advantage for US citizens, expansion can lead to more job opportunities in the US and abroad. There are many US companies who are focussing expanded on supplying rather than producing stainless steel products. With every new stainless steel pipe supplier, there decree probably be 2 to 3 newly jobs being created. While the bears and bulls may make an impact on the steel industry, sooner either later, there will always new and better opportunities for growth and expansion.