July 05, 2008

Chinese refined nickel and ore imports slows down in Q1

It is reported that imports of nickel ore and concentrate from China were up by 58.5% YoY to 3.56 million tonnes in January to March 2008 quarter, in spite of slow demand from the stainless steel industry.

Although the demand has been slow in the stainless steel sector, nickel imports have not fallen as a lot of the ore is booked on long term contracts.

(Sourced from ICDA)