msmedesign,
If your question relates purely to why the Code didn't consider these materials, it might be better asked in the ASME Code Issues section (under Engineering Codes, Standards & Certifications).
If instead you're really asking "Is it ok for me to use these materials in a valve that has to meet B16.34", the answer is "probably not." You would need to do a detailed materials comparison to show that the metals are similar enough to a material in B16.34 and have your customer buy off on it.
If your question is morphing into "Are valve stems pressure retaining components", I would refer you to Sections 5.51 and 6.5. Whether or not the American Petroleum Institute (i.e., API)considers valve stems as pressure controlling or retaining, the International (formerly American) Society of Mechanical Engineers (i.e., ASME) does not consider the stem part of the pressure boundary.
Patricia Lougheed
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