China's stainless steel mills may use more refined nickel as prices of the steel-making ingredient fall below the cost of nickel pig iron. Photo: Reuters

China's cost-conscious steel mills tempted by lower cost refined nickel

Shift towards refined product by Chinese plants could spur more imports from Russia

China's stainless steel mills may use more refined nickel as prices of the steel-making ingredient fall below the cost of nickel pig iron. Photo: Reuters
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