Development of NPI topples Europe as stainless cost leader
Sep 14, 2011 | 04:19 PM
|
Tags
China,
Europe,
stainless steel,
nickel pig iron
LONDON — China has surpassed Europe as the cost leader in the global stainless steel industry, surging ahead with lower production costs since its development of nickel pig iron (NPI) as a replacement raw material, according to Markus Moll, managing director of Austrian steel consultancy Steel & Metals Market Research GmbH.
"If you look at the worldwide production costs of (stainless steel) producers, you can see where the Chinese producers are. They have substantially lower costs of $600 to $700 per tonne than European mills," he said at the 10th International Stainless and Special Steel Summit in Munich, Germany, organized by AMM sister publication Metal Bulletin. "Most of the cost advantage is coming not from labor but from nickel pig iron. Everyone is talking about it."....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute — no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here