Home / Metal News / Nickel / China Stainless Steel Mills Increase Using of Primary Nickel, SMM Learns
China Stainless Steel Mills Increase Using of Primary Nickel, SMM Learns
Aug 24,2017 13:50CST
smm insight
Source:SMM
Medium and large stainless steel mills in China have increased using proportion of primary nickel after State Administration of Taxation’s crackdowns on fake VAT invoice on secondary resources.

SHANGHAI, Aug. 24 (SMM) – Medium and large stainless steel mills in China have increased using proportion of primary nickel after State Administration of Taxation’s crackdowns on fake VAT invoice on secondary resources (including stainless steel scrap), Shanghai Metals Market learns. 

Philippines to Release Final Assessment on Mining Firms Soon

The availability of stainless steel scrap is low following the crackdowns, growing demand for primary nickel. 

The crackdowns have come to an end, and market participants now wait for the notice of suggestions on dealing with VAT issues on secondary resources. Trading of scrap materials is largely suspended in China’s market. 

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

stainless steel products
steel steel price
nickel price

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news