Nickel price trends
In the production of stainless steel grades, nickel is processed – as an element with a high temperature resistance. Even moderate alloying amounts of nickel have a highly positive effect on the corrosion properties and strength of the alloy.
40% of all the nickel produced worldwide is supplied to Europe. Nickel is mainly processed in the production of stainless steel and rustproof alloys. Even moderate alloying amounts of nickel have a highly positive effect on the strength and corrosion properties of steel. About a quarter of the worldwide demand for nickel is met by recycling scrap containing nickel.