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Changing nickel and chromium stainless steel markets - a review

机译:换镍和铬不锈钢市场 - 评论

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This review covers the changing fortunes of the nickel and chromium markets, which are intimately tied to stainless steel production. Over the last few decades, growth in the stainless steel market has outpaced that of the carbon steel, aluminium, copper, and zinc markets, and as a result, demand for nickel and chromium has benefited. The emergence of China as the world's largest stainless steel producer - estimated at 54% of world supply in 2017- means the country needs increasing quantities of chrome ore: Chinese imports increased by 29% year-on-year in 2017. The dynamics of the chrome trade are heavily skewed towards South Africa and China, but how long will this continue? The sheer size of China's stainless steel industry means that it is also the largest consumer of primary nickel, thanks to the industry's reliance on primary units, mostly in nickel pig iron. We estimate that stainless steel production accounted for 68% of global primary nickel demand in 2017, but this ratio is set to decline in the years ahead as the increased electrification of automotive transport leads to higher requirements for nickel in batteries.
机译:该综述涵盖了镍和铬市场的变化,与不锈钢生产密切相关。在过去的几十年中,不锈钢市场的增长超出了碳钢,铝,铜和锌市场的增长,因此,对镍和铬的需求受益。中国作为世界上最大的不锈钢生产国的出现 - 2017年世界供应量的54% - 意味着该国需要越来越多的Chrome矿石:2017年中国进口同比增长了29%。铬贸易对南非和中国的严重倾斜,但这会持续多长时间?中国不锈钢行业的纯粹规模意味着它也是主要镍的最大消费者,这归功于该行业对主要单位的依赖,主要是镍猪铁。我们估计不锈钢产量在2017年全球初级镍需求的68%占68%,但随着汽车运输电压增加导致电池中镍的更高要求,此比例将达到下降。

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