Stainless steel production forecast to grow at 2.7 per cent this year

The world nickel market is currently buffeted by demand and supply forces; but the demand side seems to have an edge.Although nearly two-thirds of global consumption demand for nickel is from the stainless steel industry, nickel prices have surged recently following strong demand prospects for electric vehicles (EVs). The big question is whether the recent price gains are sustainable.The best thi...