Economical sustainability
The industries producing the material show long-term sustainability and growth, provide excellent reliability and quality for their customers, and ensure a solid and reliable supplychain to the end consumer.
The members of worldstainless commit to operate their businesses in a financially responsible way to ensure the long-term viability of the industry, jobs and communities. Stainless steel has been adding value to the communities in which it operates since the production process was first industrialised.
- 300,000 people directly or indirectly employed in the stainless steel industry worldwide
- 6% average increase in production each year since 1970
- 55 million tonnes stainless steel fabricated in 2022
- 100% recyclable forever
For more detailed information, the following documents or pages can be consulted:
Life Cycle Costing
Life Cycle Costing is the cost of an asset, or its parts, throughout its life cycle, while fulfilling the performance requirements. In this section you can find reports and calculation tools for the life cycle cost of stainless steel applications.
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