Mr. Allen Cao, General Manager of Tshingshan Mineral, the mineral procurement arm of Tsingshan Holding Group predicted that China would increase the nickel pig iron production by 25%~50% to reach 250,000 ~ 300,000 tons in 2011 from 200,000 tons in 2010. Reuters reported.
He analyzed that the rise of nickel pig iron production was boosted by the growing usage rate of 78% by Chinese stainless steelmakers.
It's known that Chinese stainless steel mills have been setting up nickel pig iron ore facility as the low-cost nickel pig iron has become a popular alternative to tradition primary nickel