In B31.1, Occasional load factor k only affected by duration of loads.
Cycles and duration of loads.
And allowable stress at temperature, 'Sh' already consider temperature. The Sy reduced relatively as temperature goes up.
You said 'at the higher temperature, you don’t actually have 1/3 remaining'. But if temperature incresed, would Sy be also decreased? I guess the 1/3 still remaining.
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Kind regards,
MK