Our country on October 10, 2012 celebrated the completion of 100 years of Stainless steel, as part of the global celebrations of relatively new corrosion resistant material and the product which was first created, patented and produced in the year 1912.

From small beginnings hundred-years-ago, stainless steel has grown to be an integral part of our lives. Utilised primarily for its corrosion resistance, stainless steel is also found in applications where strength, hygiene, human safety and aesthetics are important.

In India the stainless steel community celebrated the landmark event by organising a day-long conference on “100 years of Stainless Steel – Towards Building Corrosion Free India” in Delhi, where more than 200 renowned stakeholders from the stainless steel community which included stainless steel producers, processors, government bodies, national and international certification and consultancy authorities and academic Institutions participated in the deliberations.

“ONGC will increase its production by 1.6%. Last year’s production was 26.92 million tonne (mt) of oil and 25.51 billion cubic metre (bcm) of gas. This is our own production indigenous plus our share in production sharing contracts. This year’s target is 27.54 mt of oil and 25.73 bcm of gas which is 1.6% more to what we produced last year.” said Mr Sudhir Vasudev, CMD, ONGC while inaugurating the 100 years of stainless steel event.

“Stainless steel is the fastest growing segment of the metals industry, its applications are diverse and new applications are being constantly being developed. It has become major part in all of our lives, and has truly changed the world. In India demand for stainless steel is on constant increase due to awareness about the product and availability of right grades and sizes. The demand for the corrosion free metal is on increase in high end industries including Oil and Gas, Energy and shipping-related industries, railways, ports, infrastructure and automotive where corrosion is a serious issue.” said Mr Sudhir Vasudeva, CMD, ONGC while inaugurating the celebrations.

“While stainless steel share in the steel big picture in India is the highest in the world but the per capita usage in India is abysmally low. Due to lower penetration of stainless steel in infrastructure areas, our country loses INR 2 trillion (USD 40 billion) every year due to corrosion of infrastructure, industrial equipment and other vital installations, according to last estimates from corrosion management committee of CII. Corrosion has a huge economic and environmental impact on virtually all facets of the world’s infrastructure, from highways, bridges, and buildings to oil and gas, chemical processing, water and wastewater systems and particularly industrial structures. In addition to causing severe damage and threat to public safety, corrosion disrupts operations and requires extensive repair and replacement of failed assets. We are a resource crunched nation and we cannot afford this luxury at all.” said Mr Pronab Roy principal advisor, planning commission speaking on the occasion.

“The salute to centurion year of stainless steel is being organised in association with IIT Kharagpur , IIT Bhubaneswar, BHU IIT, International Chromium Development Association (ICDA) , Indian Ferro Alloys Producers Association, All India Stainless Steel Industries Association,(AIISIA) , Institute for Steel Development and Growth (ISDAG), Builders Association of India (BAI) , Process Plant and Machinery Association of India (PPMAI), Central Road Research Institute (CRRI) and Chemtech Foundation and Steelguru is the organiser” said Mr Yatinder Pal Suri, convenor of the celebrations and India head, Outokumpu Group who are the oldest global leader in stainless steel.

“The main focus of the deliberations during the celebrations was on finding ways and means to save leakages on maintenance costs due to corrosion and offer right solutions to enhance the life of products, plant and machinery and civil structures by using the most suitable grade of stainless steel and thus making India a corrosion free nation” said Mr Suri.