Outokumpu duplex stainless steel was used in the first ever boat built entirely out of stainless steel. The boat represents true innovation in the shipbuilding industry. The use of high strength and durable duplex stainless steel makes the boat entirely maintenance free and resistant to weather conditions during the winter.
Outokumpu’s units in Nyby, Avesta and Degerfors in Sweden delivered around five tonnes of super duplex 2507 stainless steel to the construction of the 10,5 meter-long boat. The boat was constructed and built by Swedish Steel Yachts (SSY) based in Gävle, Sweden.
The use of super duplex stainless steel grade 2507 in combination with SSY’s patented construction ensures that the hull of the boat can be made extremely thin without compromising strength. The construction provides a progressive flexibility, which means that the hull moves in a controlled manner when subjected to powerful wave pressure. Mirror finish surface on the bottom of the boat also ensures that elements don’t attach on the boat surface.
The day’s biggest mover was the Indian nickel cash price which dropped by 1.7 percent on Friday, September 19 to close at INR 1,102 ($18.13) per kilogram. On the LME, the nickel 3-month price fell 0.4 percent to $17,935 per metric ton. The spot price of nickel saw a 0.1 percent decline on the LME to $17,875 per metric ton.
Chinese stainless steel prices closed flat for the day. The price of Chinese ferro-chrome continues hovering around CNY 8,300 ($1,352) per metric ton for the fifth day in a row. The price of Chinese ferro-moly saw essentially no change for the fifth day in a row, remaining around CNY 145,000 ($23,616) per metric ton.
For the fifth day in a row, the Allegheny Ludlum 316 stainless surcharge remained essentially flat at $1.26 per pound. For the fifth consecutive day, the price of Chinese 316 stainless coil held flat at CNY 26,000 ($4,235) per metric ton. The price of Chinese 304 stainless coil was unchanged at CNY 16,400 ($2,671) per metric ton. The price of Chinese 316 stainless steel scrap saw little movement at CNY 16,100 ($2,622) per metric ton. The price of Chinese 304 stainless steel scrap was unchanged at CNY 16,400 ($2,671) per metric ton.