In 2021, China recorded the strongest growth in the EV market with around 3.2 million EVs sold. This was an increase of 2 million EV units compared to 2020 which was more than the combined increase of all other regions taken together.
While it may require an initial higher investment when compared with other materials, stainless steel’s unique properties deliver long-term performance and economic benefits including minimum downtime, reduced maintenance costs and reduced environmental impacts.
Most nickel production is destined for stainless steel. But a significant 8% is used in the production of alloy steels which are needed to deliver specific characteristics for specialised and often critical applications.
Partially corrugated stainless steel service pipes have reduced water leakage rates drastically in Tokyo where they were introduced in the 1980s. Now other innovative water authorities faced with the urgent need to reduce water loss are also examining the nickel-containing stainless steel solution.