Duplex Stainless steel is a type of stainless steel that comprises austenite and ferrite in roughly equal proportions in its metallurgical structure. They have a ferritic-austenitic microstructure. Duplex stainless steel has applications in diverse industries – the chemical industry, petrochemical industry, oil, and gas industry, pharmaceutical industry, geothermal industry, and water desalination. Duplex stainless steel is a utility metal that is an alloy of Fe-Ni-Cr – Iron, Nickel, and Cobalt. They are a mixture of austenite and ferrite and are magnetic by property.
This type of steel is usually waterproof and resists corrosion and tarnishing. Duplex stainless steels are popularly used in pulp and paper manufacturing. Their physical properties include good weldability, high mechanical strength, and corrosion resistance. They are used in the chemical process industry, oil & gas exploration equipment, and transportation equipment, and are widely used in the mining and nuclear plants also.
Duplex stainless offers resistance to corrosion and excessive mechanical quality. It assures more uptime than carbon steel and regular steel and is twice as solid as the ferric treated steel. It is a cost-effective option than the other traditional austenitic grades of stainless steel.
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7 best duplex stainless steel companies having two-phase microstructure
According to the findings added in Global Duplex Stainless Steel Companies’ Market Report, the market was standing at USD 2.47 Billion in 2020 and is projected to reach USD 4.14 Billion by 2028, growing at a CAGR of 4.2% from 2021 to 2028.
Tata Steel
Tata Steel is an Indian Steel company that was incorporated by Jamshedji Tata in 1907. Tata Group is the parent organization of the firm. It is a leading steel manufacturing company in India. It is a publicly held mining company that is engaged in steelmaking, engineering, mining, steel products, steel solutions, steel research, and engineering. It has ranked amongst the top 5 steel companies in the DJSI Corporate Sustainability Assessment since 2016. It has been recognized as the World Economic Forum’s Global Lighthouse and is the world’s most geographically-diversified steel producer.
POSCO Group
POSCO is a South Korean steel manufacturing company that was incorporated in 1968 by Park Tae Joon. It was formerly known as Pohang Iron and Steel Company. The firm is the 6th largest steel producer in the world and an industry leader in developing advanced customer solutions. They develop and trade steel rolled products and plates globally. The firm also develops steelworks based on crude steel production.
ArcelorMittal
ArcelorMittal is a steel production company that was founded in 2006 by Lakshmi Mittal. ArcelorMittal Brazil S.A., and Dofasco, are well-known subsidiaries of the firm. They are global raw material providers for the automotive, construction, household appliances, and packaging industries. They provide supply flat steel produced in a sustainable, safe, and market-oriented way.
Daido Steel
Daido Steel is a steel manufacturing company that was founded in 1950. Daido Electronics Co., Ltd., and Daido Kogyo Co., Ltd are the subsidiaries of the firm. They produce steel, parts for automobile and industrial equipment, electronic magnetic materials, new materials, trading, and services. The firm operates from Nagoya, Aichi, and Japan. They also produce manganese railway rails, components for automobiles, industrial machines, electric machines and furnaces, advanced cast steel products, etc.
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Outokumpu
Outokumpu is a stainless-steel producing company based in America. It was founded in 1914 and operates from Helsinki, Finland. Outokumpu Nirosta, and Outokumpu Stainless Oy, are well-known subsidiaries of the firm. They are a global stainless steel manufacturing company. Their products range from Hot and cold rolled coil, strips, sheets, and precision strips to quarto plate, bar, and wire rods. They develop and trade various grades of steel, including alloyed austenitic and duplex stainless steel.
Acerinox
Acerinox is a duplex stainless steel manufacturing company. It is a conglomerate group based in Spain that was founded in 1970. VDM Metals, and Acerinox Europa, S.a.u are the subsidiaries of the corporation. Bernardo Velazquez Herreros is executing as the CEO of the firm since 2010. It is centrally operated from Madrid, Spain. It also produces nickel alloys and is spread across five continents.
AK Steel
AK Steel was established in 1899 and is headquartered in Ohio, United States. K Steel International Limited, AK Tube LLC, and others are its subsidiaries and Cleveland-Cliffs is its parent company. The company is a leading provider of duplex stainless steel and produces it with the latest innovations and techniques.
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