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American Metal Market (AMM) is an online provider of industry news and metal pricing information for the U.S. steel, nonferrous and scrap markets. Products include a daily publication available electronically, live news on the publication's website, a hard-copy magazine and a series of weekly newsletters covering niche markets.
The industry produced over 74 million net tons per year as of November 2024. [1] Most iron and steel in the United States is now made from iron and steel scrap, rather than iron ore. The United States is also a major importer of iron and steel, as well as iron and steel products.
For each commodity they quote a range (low and high price) which reflect the buying and selling about 9-fold due to China's transition from light to heavy industry and its focus on manufacturing. [2] China became the world's largest consumer of iron ore in 2003, [ 3 ] and accounts for over half of global metal consumption.) [ 4 ]
Using the Bessemer process, Carnegie Steel was able to reduce the costs of steel railroad rails from $100 per ton to $50 per ton between 1873 and 1875. The price of steel continued to fall until Carnegie was selling rails for $18 per ton by the 1890s.
In 2008, 2009, 2015 and 2016 output fell in the majority of steel-producing countries as a result of the global recession. In 2010 and 2017, it started to rise again. Crude steel production contracted in all regions in 2019 except in Asia and the Middle East. India is the 2nd leading producer of iron and steel industries. [citation needed]
The austenizing temperature, the temperature where a steel transforms to an austenite crystal structure, for steel starts at 900 °C (1,650 °F) for pure iron, then, as more carbon is added, the temperature falls to a minimum 724 °C (1,335 °F) for eutectic steel (steel with only .83% by weight of carbon in it).
ABS Steels are types of structural steel which are standardized by the American Bureau of Shipping for use in shipbuilding. [1] ABS steels include many grades in ordinary-strength and two levels of higher-strength specifications. All of these steels have been engineered to be optimal long-lived shipbuilding steels.
A36 steel is a common structural steel alloy used in the United States. [1] ... As with most steels, A36 has a density of 0.28 pounds mass per cubic inch (7.8 grams ...
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