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Title: Heavy metal blues
Category: Technical papers from Pipeline World
Downloadable: Yes 
Project No.:
Research Agency:
Catalog No.: 876
Date of Publication: February 05
Price: $25.00 US
Authors: Gordon Cope
Abstract: Since its invention in 1870, steel has proven a marvel. Stronger than iron, more durable than plastic, more flexible than concrete, steel has invaded every corner of the modern world including the pipeline industry, where it is the material of choice for the majority of lines. Unfortunately, the boon has become a bane. In the space of a year, the price of steel has more than doubled. Preston Pipe Report, an industry journal, reported the average price for hot-band steel has risen from $267 per ton in July, 2003, to $755 a ton in July, 2004. Large consumers of steel, such as car manufacturers, are scrambling to lower the steel content in their products, but for pipelines there is no ready alternative; the sector is largely captive to the commodity. What caused the price of steel to rise so rapidly? How long will high prices last? What can the sector do to mitigate its effect?
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