Stainless Steel Stocks List
Symbol | Grade | Name | % Change | |
---|---|---|---|---|
RUS | B | Russel Metals Inc. | 0.53 | |
OML | D | Omni-Lite Industries Canada Inc. | 2.46 |
Related Industries: Industrial Distribution Metal Fabrication
Date | Stock | Title |
---|---|---|
Nov 20 | RUS | Top TSX Dividend Stocks To Consider In November 2024 |
- Stainless Steel
In metallurgy, stainless steel, also known as inox steel or inox from French inoxydable (inoxidizable), is a steel alloy, with highest percentage contents of iron, chromium, and nickel, with a minimum of 10.5% chromium content by mass and a maximum of 1.2% carbon by mass.Stainless steels are most notable for their corrosion resistance, which increases with increasing chromium content. Additions of molybdenum increase corrosion resistance in reducing acids and against pitting attack in chloride solutions. Thus, there are numerous grades of stainless steel with varying chromium and molybdenum contents to suit the environment the alloy must endure. Stainless steel's resistance to corrosion and staining, low maintenance, and familiar luster make it an ideal material for many applications where both the strength of steel and corrosion resistance are required.
Stainless steels are rolled into sheets, plates, bars, wire, and tubing to be used in: cookware, cutlery, surgical instruments, major appliances; construction material in large buildings, such as the Chrysler Building; industrial equipment (for example, in paper mills, chemical plants, water treatment); and storage tanks and tankers for chemicals and food products (for example, chemical tankers and road tankers). Stainless steel's corrosion resistance, the ease with which it can be steam cleaned and sterilized, and no need for surface coatings has also influenced its use in commercial kitchens and food processing plants.
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