China favors stainless scrap alternative
Oct 31, 2011 | 04:49 PM
| Michael Marley
PHILADELPHIA Although China has sharply boosted its consumption of nickel pig iron, the London Metal Exchanges nickel price will still play a key role in determining the price of nickel pig iron as well as primary nickel, according to an industry analyst.
Speaking at the Bureau of International Recycling (BIR) Stainless Steel and Special Alloys Roundtable in Munich, Germany, Sven Tollin pointed to the steep rise in Chinas nickel pig iron productionto 170,000 tonnes last year from zero in 2005as well as the sharp decline in the countrys stainless scrap imports to 80,000 tonnes last year from 380,000 tonnes in 2009.....
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