While some markets face weak demand and are saddled with overcapacity, several sectors will skyrocket their use of stainless steel. Based on this, a conclusive prediction can be made about which markets will provide the best opportunities for stainless steel suppliers.
The greatest demand for stainless steel products, such as stainless pipes and pipeline fittings, sheet and long products, food fittings on russteels.ru , will ensure the development of oil and gas and chemical industry, energy, food and construction industries.
The most dramatic changes are currently taking place in the energy sector, where innovation is driving efficiency gains. In many parts of the world, solar power has reached grid parity along with other sources of electricity generation. In addition, technology continues to advance rapidly. After discussing global warming last year in Paris, the decision was made to phase out coal in favor of a solar deployment. Concentrated solar energy will require the use of stainless piping, while stainless steel tanks of heat-resistant ferritic grades will be required.
The oil and gas sector will sooner or later expect a new rise, and oil prices will one day rise significantly, but no one knows exactly when. The cuts will continue in the short term and could drive up oil prices and spur projects in more stable countries. Projects are being delayed, but producers continue to pump out wells they are already producing, otherwise they will lose even more money. With so much overproduction, large storage capacity is required.
The growth of the food and beverage market will continue as the world's population grows steadily. Important legislative measures are being taken to reduce food waste. An example is France, where supermarkets are now required by law to give or recycle their food waste rather than throw it away. Other countries have followed suit and some supermarkets have started their own initiatives. Rotting food causes methane gas to be released and therefore contributes to global warming. Legislation designed to facilitate food recycling is leading to an increase in biofertilizer production, cogeneration of heat and power, and district heating projects. Biofuel production is the main consumer of stainless steel.
