Corrosion and Corrosion Control
According to a recently completed study sponsored by the Federal Highway Administration (FHWA), NACE International, and mandated by Congress in the Transportation Equity Act for the 21st Century (TEA-21), corrosion of metals costs the United States in excess of $276 billion per year. This loss to the economy is more than the entire Gross National Product of many countries around the world. In fact, it has been estimated that 40% of U.S. steel production goes to the replacement of corroded parts and products. Our oil industries are spending more than $2 million a day due to the corrosion of underground structures.