Recent Patterns of Nickel Use and Development in China

World wide applications for nickel use will be summarized and examples of those uses given. Nickel products are critical to many important aspects of modern society. These products are just as important for modern China as they are in other parts of the world. It is argued that future pattern of nickel use in China should be expected to be very similar to that in the rest of the developed world. Total use of nickel in products in China is already very large. In 2004, it was the largest market for stainless steel (nickel containing) in the world. A survey of Chinese stainless steel applications will be presented. Current high nickel prices have revived speculation about substitution, particularly for nickel containing stainless steels. The presentation will discuss some of the complicating factors that need to be taken into account when considering substitution. These factors are as valid in modern China as they are in other developed economies. Recent substitution efforts and the reaction to them will be examined. The Nickel Institute position regarding appropriate application of the various grades of stainless steel will be discussed. Price-motivated substitution in China, and elsewhere, will occur but it is argued that the extent will probably be limited.