China Nickel offtake to rise 62% on steel demand Posted online:...

China Nickel offtake to rise 62% on steel demand

Posted online: Thursday, May 31, 2007 at 0000 hours IST




MAY 30: Demand for nickel in China, the world's biggest consumer of the metal, may raise 62% by the end of the decade because of rising demand from stainless steelmakers, a government researcher said. Demand for nickel will rise to 400,000 metric tonne in 2010 from 247,000 tonne in 2006, Zhang Mei, a researcher at the Ministry of Land and Resources's information centre, said at a conference in Shanghai.
Imports accounted for 61% of the nation's demand last year and will rise to two-thirds in 2010, he said.