MB INTL NICKEL CONF: Stainless steel scrap tightness will drive 2016 nickel demand – Macquarie

World nickel consumption will increase by more than 4% this year, driven by growing demand for 300-series stainless steel and lack of growth in secondary nickel supply, Macquarie’s senior commodities consultant Jim Lennon said.

Nickel units in stainless steel scrap typically account for almost 40% of all nickel used in stainless steel-making, he added at the 4th Metal Bulletin International Nickel Conference in London. As scrap ratios fall, stainless steel mills will need to obtain more...

Published

Janie Davies

May 11, 2016

16:59 GMT

London