Insight

Indonesian dominoes: Chinese stainless in the firing line

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Report summary

The immediate impact of the Indonesian ore export ban is that 300kt of Chinese nickel in NPI production will be lost. Chinese stainless mills have a lot to lose as they remain the only users of NPI. In this insight we look at the six largest Chinese stainless steel companies and consider how the expected shortage of NPI could change their respective nickel raw materials mix and how each company may try to overcome the nickel supply problem in the near term.

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