Stainless Steel Industry is Heavily Dependent on Both Chromite Ore and Nickel

Date: 2015-09-11

“• The main area of application for chromite ore is in metallurgical processes, after conversion into ferrochrome, with approximately 90% of all chromite ore used in the production of stainless steel.

• The outlook for the stainless steel industry is heavily dependent on both chromite ore and nickel. This amplifies the necessity for backward integration in the stainless steel value chain, with leading stainless steel producers directly involved in chromite ore production. 

• The steady growth in global chromite ores and concentrates production was due to a rise in demand from the ferrochrome and stainless steel markets with China accounting for 36% and 52% of global ferrochrome and stainless steel production respectively.”

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