The African Development Bank will finance $25 billion by 2025 to support Africa's fight against climate change, the bank's president said at the bank's annual meeting in Accra, Ghana.  

He noted that climate change has had many negative impacts on the continent, causing natural disasters such as droughts, cyclones, and floods. Climate change costs Africa between $7 billion and $15 billion a year. "Africa has no choice but to address climate change."  

To ensure Africa's food supply, the African Development Bank has delivered climate-friendly seeds to 12 million farmers in 27 countries in the past two years under the "Technology for Agricultural Change in Africa" program, he said.  

In the area of renewable energy, the African Development Bank is implementing a $20 billion "Desert Power" initiative in the Sahel that is expected to power 250 million people, he said.  

US President Joe Biden recently wrapped up his five-day trip to Asia with a summit of leaders of the "Quad" security Dialogue.  

Biden has promoted a number of economic and security cooperation initiatives during his visit aimed at deepening ties with Indo-Pacific Allies and partners in response to China's growing influence in the region. Some analysts in the United States believe the most significant announcement may be an initiative to share maritime information to combat illegal activities. But other experts say Biden's move sets a good framework for more security cooperation, though it remains to be seen whether concrete action will follow.

Affected by several factors, the supply of the 316l stainless steel powder is erratic and thus its prices are expected to go higher in the future.

What is 316L stainless steel?
316L grade stainless steel, also known as A4 stainless steel or marine grade stainless steel, is the second most common austenitic stainless steel after 304/A2 stainless steel. The main alloy composition after iron is chromium (16-18%), nickel (10-12%) and molybdenum (2-3%), as well as a small amount (< 1%) of silicon, phosphorus and sulfur.
 
316L is commonly used in the chemical and petrochemical industries, food processing, pharmaceutical equipment, medical devices, drinking water, wastewater treatment, marine applications and near the coast or in urban areas.
 
316L vs. 316 stainless steel
316 and 316L stainless steel alloys are both marine-grade steels. The difference between them is that the proportion of carbon in 316L is lower. To meet the requirements of 316L stainless steel, the carbon content must not exceed 0.03%. This reduces the risk of carbon deposition, making it a better choice for welding to ensure maximum corrosion resistance.
 
316 stainless steel has a medium carbon content and a molybdenum content of between 2% and 3%, thus improving its resistance to corrosion, acidic elements and high temperatures.
Both materials have excellent ductility, which means that they perform well in bending, stretching, deep drawing and spinning.
 
Should I use 316 or 316L stainless steel?
You need to consider the following factors:
Corrosion resistance
316L is the best choice for high corrosion and high temperature applications. Because the carbon content of 316L is less than that of 316, it has better intergranular corrosion resistance, which means that its weld will not rot like 316 stainless steel.
 
Cost
The cost of 316 and 316L stainless steel is roughly the same.
 
Magnetic properties
The responsiveness of 316 stainless steel to magnetic field is very low. Unlike ferromagnetic basic stainless steels, most varieties of stainless steel (including 316) are austenitic-or actually non-magnetic.
 
However, some 316 stainless steel products can be cold formed and welded, in which the crystal structure of austenite is transformed into ferromagnetic martensite. 316L steel is easier to obtain a certain degree of magnetism.
 
Practical applications
Both types of stainless steel can be used in various industries. However, 316 is mainly used in construction and infrastructure because it is sturdy, pitting and corrosion resistant in most cases. 316L is very popular in pharmaceutical and photographic equipment because it can withstand welding and corrosive chemicals.
 
316L and 316 Stainless Steel powder Price
The price is influenced by many factors including the supply and demand in the market, industry trends, economic activity, market sentiment, and unexpected events.
If you are looking for the latest 316L and 316 SS powder price, you can send us your inquiry for a quote. (sales3@nanotrun.com)
 
316L and 316 Stainless Steel powder Supplier
Luoyang Tongrun Nano Technology Co. Ltd. (TRUNNANO) is a trusted global chemical material supplier & manufacturer with over 12-year-experience in providing super high-quality chemicals and nanomaterials, including silicon powder, nitride powder, graphite powder, zinc sulfide, calcium nitride, 3D printing powder, etc.
If you are looking for high-quality 316L and 316 SS powder, please feel free to contact us and send an inquiry. (sales3@nanotrun.com)
 

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