MEPS world stainless steel prices are computed from an arithmetic average of prices in Europe, North America and Asia. Prices are collected in the appropriate local currency and converted into US dollars to provide a basis for comparison. Prices presented on this page are per tonne by default. Webb316l Stainless Steel Means. 316L stainless steel means that this is an austenitic alloy and in the manufacturing process, it gains resistance to corrosion.This is actually a low carbon version of 316 stainless steel. 316L stainless steel is immune to sensitization, making it ideal for use in heavy gauge welded components. 316L stainless steel has less carbon …
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