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Construction Business Review | Monday, August 08, 2022
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There is no justification for steel's decline in popularity in the following years. Current and future technologies will significantly improve the material's defining characteristics, offering builders and other customers more reasons to consider it for their projects.
FREMONT, CA: If the global steel market were a nation, it would likely have the third-largest gross domestic product (GDP) behind the United States. Steel is widely used in the building industry, which accounts for more than fifty percent of global consumption.
Despite the economic downturn caused by the pandemic, steel's future is as solid as the material itself. Continuously, the industry seeks to improve steel's strengths, especially its durability, adaptability, and affordability. Steel-intensive enterprises should keep a watch on the following potential innovations:
More robust Steel: Most historians concur that steel was created when humans discovered how to manipulate iron during the Iron Age (1200 BC to 1000 AD). Over the years, people learned how to combine steel with other metals, culminating in the steel used today.
Due to its carbon content, iron alone will not withstand the demands of modern construction very well.
Other metals and carbon comprise the remaining weight, with iron contributing more than 90 percent of the composition. The carbon content is often reduced during steel production through heat treatment or alloying. Manganese, chromium, nickel, molybdenum, silicon, tungsten, copper, and vanadium are alloying metals.