[Ferro-alloys.com]According to the statistics, China imported 27thousand tons FeNi in Dec. of 2014, rising by 12.5% M-O-M while down by 6% Y-O-Y. During the whole year of 2014, China imported 282thousand tons FeNi, recording the recent five years’ high. According to the Historical Data, China imported 130-140thousand tons FeNi in 2010 and 2011 while 240and 200thousand tons in 2012 and 2013.

In 2014, after the export ban of Indonesia was implemented, the international nickel ores price raised much, which had great effect on Chinese FeNi industry. Under this condition, 1% import tax of FeNI was canceled. It was expected that the Initiative would directly enlarge the FeNi import volume and Import channels, reduce the Reliance on nickel ores and reduce the production cost of the stainless steel.

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• [Editor:Juan]