Economic Effects of Metallic Corrosion in the United States

Abstract

The Congress, in Senate Report 94-328 (PL 94-121), directed the National Bureau of Standards “to embark upon a study of the economic effect of corrosion.” Initially, NBS concluded that the essential elements of such a study were to: Review previous attempts to assess metallic corrosion costs;Develop a detailed plan including definitions and methods for acquiring, analyzing and reporting data;Expose the study plan to criticism by experts in corrosion and economics from industry and Government; andElicit cooperation from industries and Government agencies which use corrodible equipment, including vehicles and structures.