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Why do you need to understand EN24 steel？

EN24 alloy steel is known for its exceptional mechanical properties, making it a popular choice across various industries. Understanding the cost factors associated with EN24 steel is crucial for informed decision-making in projects. In this comprehensive guide, we will delve into the cost dynamics of EN24 alloy steel, explore the influencing factors, compare its costs with alternative materials, and highlight the long-term economic benefits of choosing this high-strength steel.

Understanding EN24 Alloy Steel

EN24 is a hardened and tempered steel alloy with exceptional strength. This grade, which combines nickel, chromium, and molybdenum, has excellent ductility, wear resistance, and tensile steel strength. EN24 is appropriate for a range of elevated temperature applications due to its comparatively good impact qualities at low temperatures.

Factors Influencing the Cost of EN24 Alloy Steel

1.  Affected by the economic cycle

Economic cycles have a significant impact on the steel industry as steel is a global commodity. Domestic and international steel prices are interconnected, and when global steel prices rise, domestic costs cannot continue to decline. The global financial crisis of 2008 resulted in a sharp drop in steel prices. The steel industry’s development is closely linked to the nation’s economic growth and the demand for steel consumption.

During periods of rapid economic growth, there is a substantial market demand for steel products, leading to price increases. Conversely, when the country’s economy enters an adjustment phase, steel product prices tend to decrease. These economic fluctuations play a pivotal role in shaping the steel industry’s trajectory.

2. The impact of supply and demand on the cost of EN24 alloy steel

The market price of any commodity, including steel goods, is heavily influenced by the state of supply and demand. This is particularly true for the steel industry, where demand has been gradually rising for years due to the discovery of new uses for this miracle metal. To determine the appropriate price for a pound of steel, financial analysts take into account not only the existing supply and demand but also projections and patterns. Customers should so closely watch the dynamics of supply and demand for steel products and look into how their prices have changed.

3. Technical level requirements

One important aspect influencing the cost of steel goods is their technical level. Three factors primarily influence how much technological advancements affect the price of steel products: first, how they affect the production process and subsequently how much they cost; second, how they produce alternatives to steel, which lowers the demand for steel; and third, how they cause steel products to be substituted for other materials, which raises the demand for steel.

4. Transportation and labor costs

Although goods made locally are typically less expensive, this isn’t always the case. The cost of shipping and transportation into and out of South Africa varies significantly based on a number of factors, including the season, the value of the Rand, and various political conditions. However, there has been pressure on the manufacturing sector to employ local materials when importing steel, or the raw materials needed to make it may occasionally be less expensive than making it internally. Jobs are created when manufacturers are encouraged to “shop locally,” but labor prices may go up as a result.

5. Comparing Costs: EN24 vs. Other Materials

EN24 alloy steel offers a compelling case for cost-effectiveness when compared to alternative materials with similar properties. Through detailed cost comparisons, it becomes evident that the initial investment in EN24 steel can lead to substantial long-term economic benefits. These include enhanced durability, reduced maintenance costs, and improved performance.

Where to Source EN24 Alloy Steel

Sourcing high-quality EN24 alloy steel is paramount for project success. Reputable suppliers and manufacturers play a crucial role in ensuring the quality and reliability of the material. By selecting a trusted supplier, you can confidently proceed with your project, knowing that the material meets the required standards.

Conclusion

In conclusion, understanding the cost of EN24 alloy steel is vital for making informed decisions in various industries. By exploring the factors influencing its cost, comparing it to alternative materials, and recognizing its economic benefits, you can harness the full potential of EN24 steel for your projects. The long-term savings and improved performance make EN24 a cost-effective choice in the world of materials engineering.

EN24 steel is a high-strength alloy steel, which is preferred in many industrial fields. It contains special elements such as carbon, nickel, chromium, and molybdenum, which give EN24 steel the characteristics of high tensile strength, good ductility, and impact resistance. In addition, EN24 steel can be used between 850 to 1000 N/mm ² (T condition) to 1550 N/mm ² Within the range of heat treatment, it has various tensile strengths under the “Z” condition.EN24 steel can achieve good impact value at low temperatures. In this blog, we can learn about the characteristics of this mature steel grade.

EN24 Steel Equivalents

The popularity of EN24 alloy steel has inspired many countries to explore and explore the possibilities of high-strength nickel-chromium-molybdenum steels to meet their needs. These are some examples of international equivalents to EN24:

• USA: Aerospace 4340
• Germany: 34CrNiMo6
• France: 1.6582
• Sweden: 34NiCrMo8 / 35NCD6
• Spain: 14.2541
• Japan: F1.272, SNCM447, S95 / S119

EN24 Steel Properties

EN24, particularly in its heat-treated condition (EN24T), combines high tensile strength with excellent shock resistance. It’s a versatile material that can be readily worked, forged, or stamped. Machining EN24 is possible both in the annealed condition and after hardening and tempering.

EN24 Steel: Strength and Versatility

EN24, especially in its heat-treated form (EN24T), combines exceptional tensile strength with outstanding shock resistance. It’s a versatile material that lends itself to forging, stamping, and machining with ease. The machinability of EN24 varies:

• In the annealed condition: Approximately 53% of mild steel (070M20).
• As EN24T: Machinability ranges from 35% to 40% of mild steel (070M20).

EN24 Applications

The automotive and aerospace sectors have been using EN24 for a very long time, going back to the early 1900s. Due to its excellent tensile qualities, it is currently mostly referred to as EN24T. Some common applications include:

• Power transmission gears and components require maximum hardness.
• Crankshafts, axles, propellers,s, and gearbox shafts need high tensile properties.
• Connecting rods, special cranks, and parts demanding stiffness and toughness.
• Bolts, screwed components, stub axles, and swivel arms require toughness.
• Parts for the plastics and rubber molding industry, such as mold components, hob retaining rings, and stop pins.
• Structural components with high tensile requirements.

EN24 Round Bar and Flat Sections

The dimensions of En24 steel include round rods with diameters ranging from 6.35 millimeters to about 1 meter, thus meeting the needs of people with different size requirements. In addition, for specific industries, EN24 steel can also be cut to the required size through a large forging machine. If you need EN24 steel but cannot find a suitable size, then OTAI Special Steel Company may be able to help you. And our steel prices can make your eyes shine.

EN24 Heat Treatment

EN24 can undergo various heat treatment processes. The conventional hardening and tempering method involves heating the steel to 830-850°C, followed by rapid quenching in oil. Tempering is performed once the steel reaches room temperature. For hardening from the T condition, full annealing before heat treatment is recommended.

Welding EN24

While welding EN24 in its annealed state is feasible, it’s not recommended to weld EN24T (its standard supply condition) or versions with higher tensile strength. Cracking risks arise due to the heat of the welding process. Welding EN24 annealed necessitates the use of low hydrogen electrodes, heating to around 200-250°C, and maintaining that temperature throughout the welding process.

Stress Relieving EN24

Stress relieving before hardening is advisable, especially after welding or extensive machining. Heat EN24 to 650-670°C, soak, and then cool in the furnace or in the air.

EN24 Steel: A Chronicle of Excellence

EN24 boasts a storied history, with its origins likely dating back to the late 19th century within the steel mills of Sheffield, UK. In those days, many steel producers concealed their compositions under unique names, and a catalog of commonly used steel grades was deemed necessary. This gave birth to BS970 EN steels, offering comprehensive insights into chemical composition and properties.

EN24 made its official debut in 1916 under the British Engineering Standards Association (BESA) as ‘E.S.C. 1 ½ PER CENT NICKEL-CHROME STEEL.’ Over the years and through wartime rationalization, it evolved into 817M40 in 1970, a name change aimed at simplifying steel nomenclature. Despite the passage of over 50 years, “EN24” remains a beloved designation among many.

EN24 Steel: A Historical Perspective

EN24 has a storied past, likely dating back to the late 19th century in the steel mills of Sheffield, UK. However, the multitude of steel producers during that era often concealed their compositions under unique names. The need for cataloging commonly used steel grades led to the formulation of BS970 EN steels, offering comprehensive insights into the chemical composition and properties.

EN24 made its official debut in 1916 when it was published in the British Engineering Standards Association (BESA) as ‘E.S.C. 1 ½ PER CENT NICKEL-CHROME STEEL.’ After several evolutions and wartime rationalization of steel specifications, it became known as 817M40 in 1970. This designation aimed to simplify steel naming conventions, but many still prefer the venerable moniker “EN24.”

In summary, EN24 alloy steel has a remarkable history, enduring popularity, and a prominent place in the world of materials engineering. Its versatility, high tensile properties, and heat-treatable characteristics continue to make it a valuable asset in a wide range of applications.