I am in the above industry. I find that most of the standards across the globe specify allowable stresses as 1/3 of YP to 1/5 of UST Many of these are old standards....but many of the valve components are cast. Considering the environmental issues I consider revision of these. Similar efforts on structural use of steel is on and moving rapidly. With rapid acceptance and validation of FEA think we must minimize use of energy guzzling cast iron
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