Food industry growth should fuel hunger for stainless

Feb 28, 2011 | 07:00 PM | Myra Pinkham

Tags  stainless steel, food industry, restaurants, appliances

While commercial and institutional food service industries have had a hard time the past few years, it hasn’t experienced as much difficultly as many other industrial segments and is now in turnaround mode.

This is good news for stainless, Markus A. Moll, managing director and senior market research analyst at Steel & Metals Market Research GmbH, Reutte, Austria, said, noting that the entire food service market—catering, appliances (including home appliances), food processing and food preparation—is expected to consume about 900,000 tonnes of stainless in the Americas (the United States, Canada, Mexico and South America), accounting for about 36 percent of the region’s total stainless steel usage. Globally, the food service market consumes about....

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