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Over the last few decades, stainless steel has emerged as a metal of choice due to its diverse applications.
Stainless steel is used in architecture, building and construction, automobiles, railways, transport, process industries, etc.
Stainless steel, due to its distinct characteristics, has an edge over carbon steel. It provides a good combination of strength, pliability, has a longer average product lifecycle and a relatively low/nil maintenance cost compared to carbon steel.
The edge of stainless steel over carbon steel is clearly visible in terms of difference in demand growth rate of both metals.
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