Benchmarking Analysis of the Development Direction of MHP and Nickel Matte

Benchmarking Analysis Of the Development  Direction Of MHP And Nickel Matte

Technical Due Diligence Survey of Nickel Product Unit

Technical Due Diligence Survey Of Nickel Product Unit

Long-term Price Forecast of Nickel Industry

Long-term Price Forecast Of Nickel Industry

Feasibility Study of Nickel Industry Investment

Feasibility Study Of Nickel Industry Investment

Indonesia Ni Industry Analysis 

Home

Metal News

Posco May Raise Stainless Steel Output by 22% in 2010 

Li-ION BATTERY China

APAC (10th) Stainless Steel Industry Conference 2025

2025 15th APAC TIN INDUSTRY CONFERENCE

3rd Li-ion Battery Europe 2025

2025 NET ZERO EUROPE - Solar & Energy Storage Summit

2025 SMM Europe Lithium & New Energy Field Trip

China Overtakes Germany as World Top Exporter

SEOUL, Feb.&nbsp;10 -- Posco, Asia's biggest stainless steelmaker by 2008 output, may increase throughput of the product by 22 percent this year because of economic recovery.
Production of stainless steel may rise to 1.80 million metric tons from 1.47 million tons last year, Choi Youn Joung, a spokeswoman for the Pohang, South Korea-based company, said today in an interview.
&quot;The news may provide a brief boost to help sentiment for nickel given that stainless steel usage is essential to determine nickel prices,&quot; said Yi Seong Je, an industrial metals analyst at Tong Yang Securities Inc. in Seoul.
Demand for nickel will recover on rising stainless-steel usage and restocking by consumers, Societe Generale SA said last week. The steel market will grow by 9.2 percent in 2010 as the global economy rebounds from the recession, according to the World Steel Association.
Nickel has dropped 14 percent in the last six months. The metal for three-month delivery on the London Metal Exchange gained 0.1 percent to $17,300 a ton at 1:41 p.m. Seoul time. Shares of Posco climbed 1 percent to 521,000 won at 1:42 p.m. in Seoul trading, outperforming a 0.4 percent advance in the benchmark Kospi index.
Key Raw Material 
Posco last month increased domestic prices for February shipments of stainless steel by about 3 percent after a gain in the price of nickel, a key raw material. Posco last month said its total crude steel output will increase by 17 percent this year on rising demand from automakers and builders.
Stainless steel demand may recover and nickel prices were likely to stabilize in the first half, staying at about $17,000 a ton to $20,000 a ton in 2010, Posco told investors in January.
Posco is the world's third-biggest and Asia's biggest stainless-steel maker by 2008 output, company spokeswoman Choi said in a phone interview. Stainless-steel companies are the world's biggest users of nickel.
&nbsp;
&nbsp;

Posco May Raise Stainless Steel Output by 22% in 2010

SMM Events & Webinars

Li-ION BATTERY China

APAC (10th) Stainless Steel Industry Conference 2025

2025 15th APAC TIN INDUSTRY CONFERENCE