In order to mitigate the market influence caused by high nickel prices, Carpenter Technology Corp. (USA), a global manufacturer of stainless steel, has developed a new stainless reinforcing bar with lower nickel compositions. This will offer an alternative for those who traditionally purchase high-priced stainless rebar. This new product offers better corrosion protection in construction projects, especially in bridges and highways. The grade for this low-nickel rebar contains only 2% nickel and other chemicals.