Every business can benefit from reduction of its losses due to corrosion. Awareness of all possible sources of such losses is essential. Unnecessary acceptance of losses is common from chronic corrosion which is tolerated as established custom, and from hidden or indirect effects of corrosion. The importance of corrosion damage is not always proportional to the volume of metal affected.

The functional aspects of corrosion are listed. Analysis is made of the ways in which corrosion enters into the cost of doing business. Explanations are given of the direct and indirect ways corrosion may effect capital investment, operating costs, product sales, maintenance costs, overhead costs and market competitive condition of and company.

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Copyright 1954 by the National Association of Corrosion Engineers.
1954
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