ENABLING SMART PROCUREMENT

Global Stainless Steel Category - Procurement Market Intelligence Report

This procurement report on stainless steel offers key insights on the best practices for supplier selection and the strategies for category management.

  • Published: Sep 2017
  • Pages: 84
  • SKU: IRCMSTR14540
See more Metals and Mining reports

Want to know more about this procurement report?

You can get a FREE sample of any report on our site.

What’s in a sample report?
  • USD2500
  • USD1500

Choose your licensing options

Single User + USD0
Five User + USD250
Enterprise + USD500
Global + USD3500

Key Features of Report

 

Supply Market Insights
Procurement Best Practices
Cost Saving Opportunities
Pricing Models
Negotiation Strategies
Category Risk Analysis
Key Supplier Analysis
Supplier Capability Matrix

 

Stainless Steel - Category Spend Analysis

 

According to analysts at SpendEdge, one of the key growth drivers for the stainless steel market is the growing demand from the transport sector. The transport sector is one of the largest consumers of stainless steel with stainless steel being used in several components. At present, AHSS, a type of stainless steel grade, is widely being used in almost every vehicle design and constitutes more than 50% of today's vehicles. It makes vehicles lightweight and optimizes vehicle designs for enhancing safety and improve fuel economy.

Stainless steel is also widely used in the railway sector. Railcar operators are increasingly using austenitic stainless steel over carbon steels in the manufacturing of rolling stock. Reduced weight, high energy absorption on impact, high corrosion resistance, and excellent fire resistance are the primary reasons for preferring stainless steel. AISI 410, 304, and 201 are some of the widely used grades in the railway sector, which can be reused easily as well. The aerospace industry is also increasingly using stainless steel as it can withstand corrosion and is resistant to high-temperature environments. For instance, AISI 304 and 304L are extensively used to manufacture fuel cars and AISI 321 and 316 for manufacturing exhaust components and high-temperature structural components

Stainless Steel - Procurement Best Practices

 

One of the procurement best practices for buyers is to comprehensively design price brackets in contracts to effectively manage changes in prices. Price volatility and high import duties can lead to significant fluctuations in the pricing of stainless steel. As a result, buyers need to incorporate favorable terms in contracts to negate the effect of fluctuations in prices. Additionally, buyers must incorporate appropriate price collars into their contracts to offset the high volatility. If the right price bracket is not chosen, buyers might end up paying more. Buyers should rely on statistical data of recent price deviations to fix a price collar to avoid these situations.

Stainless Steel - Procurement Challenges

 

According to this procurement research report, one of the key procurement challenges faced by buyers is the lack of knowledge on surface finishes. Surface finish plays a key role in enhancing corrosion resistance. However, buyers might not be adept at understanding the kind of surface finish required to ensure maximum corrosion resistance, thereby, resulting in higher costs for rectification or new material procurement. As a result, buyers must consult specialists to understand the suitable type of surface finish.

 

Get unlimited access to all our reports. Our Insights platform provides ready-to-use procurement research reports, latest supplier news, innovation landscape, markets insights, supplier tracking, and much more at the click of a button. Start your 14-day trial now

 

SpendEdge also offers customization of this report to meet your exact requirements. Please contact us at enquiry@spendedge.com

PART 1: CATEGORY AT A GLANCE

  • TAKEAWAY 01 | Market Overview
  • TAKEAWAY 02 | Demand and Supply Snapshot
  • TAKEAWAY 03 | Key Market Dynamics
  • TAKEAWAY 04 | Supply Market Highlights
  • TAKEAWAY 05 | Pricing Insights
  • TAKEAWAY 06 | Procurement Insights

PART 2:  SCOPE OF THE REPORT

  • Category Definition
  • Research Methodology

PART 3: MARKET INSIGHTS

  • Category Spend Analysis
  • Category Maturity by Regions
  • Demand-Supply Shifts
  • Regional Demand-Supply Snapshot
  • Market Developments
  • Regional Impact of Trends
  • Key Category Growth Drivers and Corresponding Regional Impacts
  • Major Category Growth Constraints and Corresponding Regional Impacts
  • Key Current Technological Innovations
  • Major Regulatory Frameworks
  • Strategic Sustainability Practices
  • Porter’s Five Forces
  • PESTLE Analysis

PART 4: SUPPLY MARKET INSIGHTS

  • Supplier Operational Capability Matrix
  • Other Prominent Suppliers by Region: Operational Capability Matrix
  • Supplier Functional Capability Matrix
  • Other Prominent Suppliers by Region: Functional Capability Matrix
  • Key Clients/Partners
  • Supplier Cost Breakup
  • Supplier Positioning Matrix

PART 5: PRICING INSIGHTS

  • Pricing Models Snapshot
  • Pricing Models – Pros and Cons
  • Indicative Pricing

PART 6: PROCUREMENT INSIGHTS

  • Major Category Requirements
  • Major Procurement Pain Points
  • Category Sourcing Evolution Matrix
  • Procurement Best Practices
  • Cost-saving Opportunities
  • Supplier Selection Criteria
  • Category Negotiation Strategies
  • SLA Terms
  • Supplier Evaluation Criteria
  • Category Risk Analysis

PART 7: TOP FIVE SUPPLIERS

  • Tsingshan           
  • TISCO   
  • Outokumpu      
  • POSCO 
  • Acerinox

PART 8: APPENDIX

  • Glossary
  • Key Notes
  • About Us

Research Framework

SpendEdge presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key category influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary research

  • Procurement heads
  • Category managers
  • Sourcing consortium professionals
  • Industry experts and thought leaders
  • Procurement managers
  • Category heads of suppliers
  • Client account heads/managers
  • Client and industry consultants

Secondary research

  • Industry journals and reports
  • Periodicals and new articles
  • Category webinars
  • Internal categiry playbooks
  • Industry and government websites on regulations and compliance
  • Internal databases
  • Industry blogs/thought leader briefings

DATA ANALYSIS

SpendEdge INSIGHTS

Do you purchase multiple reports in a year? Explore our excititng subscription packages.

GET A FREE QUOTE