Eramet expects global stainless steel production and nickel demand to remain stable

Eramet, a multinational mining and metallurgy company, said in a statement that it expects global stainless steel production and nickel demand to remain stable in the coming months due to various economic recovery plans in China. The market and price environment, which remains uncertain due to the global crisis, also affects the stainless steel industry, which accounts for two-thirds of the world's nickel demand. In the first nine months of 2020, global production decreased by 7.6% year on year to 35.9 million tons.