Steel News

We strive to let you one step ahead of the market.

Mills to produce low nickel grades stainless

23 Apr 2007 14:06 reported by Jeffrey

A A A
Although nickel prices hit a record peak of US$48,500 on March 16, China’s demand for nickel may still rise by 20 percent in 2007 and output is likely to surge by 36 percent, senior analyst Aidong Xu who worked in a state-owned research group Antaki said.

Antaki predicted China’s nickel consumption in 2007 will reach a new high of 300,000 tons, while 250,000 tons in 2006.

The world’s top stainless steel producer and also larger user of nickel in China is expected to produce 7.2 million tons in 2007, against 5.3 to 5.6 million tonnes in 2006.

Nickel demand could rise by 20 percent this year, Xu told journalists during stainless steel conference held in Foshan city, Guangdong province.

She meanwhile conceived that high nickel price will lead to new options of steel mills, namely to produce more low –nickel grades of 400 and 200 series.

In 2006, China’s stainless steel production is composed of 60 percent of 300 series, 22 percent of 400 series and 15 percent of 200 series, 3 percent for others.

Back to Steel News

Related News

Taiwan's Tang Eng plans to cut production by 20% in Apr

  • Stainless steel
  • 2 Apr 2020 13:14

LME nickel price continues to hike

  • Stainless steel
  • 1 Apr 2020 16:43

LME nickel price sharply rebounds on Mar 31

  • Stainless steel
  • 1 Apr 2020 14:51

European stainless steel prices have short-term bounce

  • Stainless steel
  • 31 Mar 2020 16:31

Taiwan’s Tang Eng plans to reduce stainless steel production due to coronavirus epidemic

  • Stainless steel
  • 31 Mar 2020 11:53

Metal Price Index

Learn more

LME Official Bid Price

  • Zinc
  • 1,862.00
  • 1,876.00
  • Aluminum
  • 1,452.00
  • 1,486.00
  • Copper
  • 4,863.50
  • 4,880.50
  • Nickel
  • 11,192.00
  • 11,257.00

Learn more

Coil Exchange Center

  • 2B Coil-May
  • 2,200
  • 2,060
  • NO1 Coil-May
  • 2,170
  • 2,030
  • 2B Coil-May
  • 2,200
  • 2,060
  • NO1 Coil-May
  • 2,170
  • 2,030

Learn more