316 stainless steel and its applications 316 stainless steel is employed for many functions. It is well-known for its chemical properties, as well as the magnetic and mechanical properties. It is also employed for welding, and similar processes. Bec…
What is 316 Stainless Steel? Alloys are frequently added into steel to improve its desired properties. Steel that has been treated as marine grade also known as Type 316, is resistant to acidic environments. There are various types for stainless ste…
Oil futures tumbled more than $5 a barrel on news that the Biden administration is considering releasing about 1 million barrels a day from the U.S. Strategic Petroleum Reserve (SPR) for several months to cool surging crude prices.Brent crude futures…
Risk aversion plunged on the positive news of the Russia-Ukraine talks. After several days of rising oil prices, the price of precious metals continued to fall. Domestic futures markets remain stable for the time being.Back in international markets,…
U.S. refiners forecast strong first-quarter earnings as margins on gasoline and diesel sales improved, refining capacity fell sharply and crude supplies tightened due to the Russia-Ukraine war.Global refining capacity has declined amid the coronaviru…
The China Securities New Energy Vehicle index rose as much as 4.1 percent after a strong rally in lithium-ion shares on the Chinese stock market. Brokerages said lithium enterprises would usher in marginal expectations, and currently, it may be the b…
Gasoline prices at gas stations in the second week of March rose 97.6 won from the previous week to 1,861.6 won per liter. Although the average price for a week did not exceed 1,900 won, the price in the second half of the week in Seoul exceeded 2,00…