The energy sector is a broad market segment that includes the legacy oil and gas and nuclear companies. Add to this the frackers, that disrupted the industry by opening great supplies of natural gas cost effectively. Currently, alternative energy in the forms of wind power and solar have become ever more practical options as their technologies have been mainstreamed.
The very challenging mechanics in the legacy industries of exploring, refining, converting, and distributing energy has created regular demand for the high strength, high temperature, and corrosion resistance afforded by specialty metals. Alternative energy applications, by contrast, need lightweight solutions that still provide robust strength and corrosion resistance. Specialty metals still provide answers to alternative energy products as well. In 2018, over 650,000 metric tonnes of stainless steel was consumed by the energy segment.