The World Bank expects global economic growth to slow significantly, from 5.5% in 2021 to 4.1% in 2022 and further to 3.2% in 2023. Growth in East Asia and the Pacific is expected to slow to 5.1 percent in 2022, reflecting the impact of China's economic slowdown, the report said. China's economic growth is expected to fall to 5.1% in 2022, close to potential growth, due to the ongoing impact of the COVID-19 pandemic and the Chinese government's tightening of regulations in certain sectors of the economy. The report said that the rapid spread of the Omicron variant means that the new crown epidemic is likely to continue to disrupt economic activity in the near future. In addition, decelerating growth in major economies, including the United States and China, will depress external demand in emerging markets and developing economies.
Slow economic growth has a huge impact on Inconel625 powder.

In fact, in essence, nickel-based alloys are also a kind of stainless steel. They are just special stainless steels. The chemical composition is also different from ordinary stainless steel. Nickel-based alloys are high in nickel, high chromium, and high molybdenum. A high-alloy stainless steel of high-alloy stainless steel.

Among them, the famous steel is 6% Mo (254SMo). This steel has good local corrosion resistance. It has good pitting corrosion resistance and better stress corrosion resistance under the conditions of seawater, aeration, clearance and low-speed scouring (PI≥40). It is an alternative material for nickel-based alloys and titanium alloys. Secondly, it has excellent high temperature or high temperature corrosion resistance or corrosion resistance. It is irreplaceable for 304 stainless steel. In addition, from the perspective of the classification of stainless steel, the metallographic structure of special stainless steel is a stable austenitic metallurgical structure.

Because nickel-based alloy is a high-alloy high-performance special material, its manufacturing process will be more complicated than ordinary stainless steel products. At present, most of them still rely on traditional processes for manufacturing, such as: infusion, forging, rolling and other processes.

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Gas supplies have been in short supply because of the conflict between Russia and Ukraine.  Combined with the situation that other renewable sources cannot produce enough electricity, electricity prices have soared in many parts all over the world. For this reason, I assume the supply and prices of the Inconel625 powder would keep being influenced by the high energy prices.

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