Home

Metal News

Nickel

China Stainless Steel Use Seen up 5 pct in 2010

Newmont Indonesia Needs $3 bln to Develop Elang Copper

SHANGHAI, May 26 -- China's apparent consumption of stainless steel, the main driver of the country's nickel demand, is expected to rise by 5 percent in 2010, Lou Dingbo, president of Baosteel's (600019.SS: Quote) Stainless Steel Business Unit, said on Wednesday.
Lou, speaking to reporters on the sidelines of a conference in Shanghai, said the growth rate in 2010 would not be as strong as last year, but he did not give a figure for 2009.
Apparent consumption fell sharply in 2007 and 2008, he said. Although it rebounded last year, it did not return to the level of consumption seen in 2006.
He also said Baosteel might need to use more nickel pig iron this year because its cheaper than refined nickel. Last year, the entire industry in China used nickel pig iron equivalent to 100,000 tonnes of nickel, he said.
 
&nbsp;

Global Nickel In Deficit 2010 Due To China Demand -Metalytics

China Stainless Steel Use Seen up 5 pct in 2010_SMM | Shanghai Nonferrous Metals

CHINA METALS BRIEFING: POST-HOLIDAY UPDATE

SMM Morning Comments (Oct 9): Shanghai base metals were mostly higher as they return to trade 

SMM Morning Comments (Oct 12): Shanghai base metals rose broadly, the LME complex fell for the most part

Exclusive: China's base metals output in September

SMM Morning Comments (Oct 13): Shanghai base metals were mostly higher as investors await China’s trade data for September 