Aerospace grades of metallic materials have very specific manufacturing processes, in-depth testing/inspections for consistent/verifiable physical/mechanical/dimensional/etc properties... and most importantly... NDI, physical and mechanical testing, which leads to legal certifications [to specification(s)] for each production 'lot'. This ensures the purchased material actually meets requirements and is fully traceable back to OEM production. What You buy, based on material certifications, MUST be exactly what was expected, or better, IE: You pay more but expect to get what was paid for.
Similar systems are in-place for manufactured aircraft/aerospace grade hardware, parts, components, etc.
This 'over-arching system' ensures that all elements and properties of the raw material remains consistent and meet published design-performance data... with 'monotonous regularity'.
NOTE.
When a production lot of metallic material is 'good-enough' to be certified/traceable as 'aerospace grade', then the markings/certifications will reflect all aerospace standards it meets... and MAY also list any 'inferior specifications' [commercial, etc] that it will also meet/exceed without even further review. There is a distinct logic for this 'system', IE: why specifically make small production-runs of material that only meets inferior specifications, hence has limited applications/sales. OK, OK... I suppose 'large mill-runs' for non-critical commercial purposes might be the exception to this rule.
NOTE.
Aerospace materials-parts-components are used at aerospace 'stresses'... hence we paying for traceable 'consistency, performance and safety'. What is terrifying to aerospace engineers is the risk posed by uncertified... or worse... [criminally] counterfeit [bogus] materials-parts-components that have probability of causing catastrophic in-flight failure. The potential profit margins to be gained by criminals selling low-grade [cheep] materials-parts-components to the high standard of 'aerospace' is the huge attraction.
NOTE/variation to previous statement.
In So Cal where I grew-up, until the mid-1980s, aerospace companies used to sell uncertified surplus materials, parts and components [bolts, nuts, etc], and swept-up shop-refuse [dropped-stuff] 'by-the-pound'. My dad bought a lot of this 'stuff' ‘as is’ for use on his homebuilt airplane project. However, this 'stuff' was a cash-cow-bonanza for small aircraft maintainers/companies that used what they were buying ['dirt-cheap M-P-C'] on general aviation aircraft at their maintenance shops.... and charging ‘nominal’ prices for the M-P-C. When there were fatal accidents traced to uncertified/counterfeit M-P-C, congress/FAA put a halt to this 'cash-cow practice': the mechanic ‘who touched or inspected’ the M-P-C ‘last’ was to be held legally [criminally] liable for the use of that M-P-C. Most aerospace companies [slowly] developed procedures for ensuring that the surplus M-P-C was sold by-the-pound as scrap that was truly non-airworthy... crushed/shredded/cut/etc... in-order to avoid any future secondary liability. Obviously [sadly?], many mechanics/shops that were used to buying uncertified M-P-C ‘dirt-cheap’ [to cut corners], had to drastically change practices... or ‘go out of business’.
Regards, Wil Taylor
o Trust - But Verify!
o We believe to be true what we prefer to be true. [Unknown]
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