Stainless Steel World Asia 2022


Nickel based alloys are chosen because of the corrosion resistance, heat resistance/high and low temperature properties. Nickel alloys are used in a variety of industries, such as: aircraft gas turbines, steam turbine power plants, nuclear power systems and the chemical- and petrochemical industries.

JSL acquires 49% stake in Indonesian firm

Jindal Stainless (JSL), India’s stainless steel manufacturer, has acquired a 49% stake in Indonesia-based nickel pig iron (NPI) company New Yaking Pte for about USD 157M. The move is strategic for JSL as it aims to secure long-term access to nickel, a crucial raw material for the stainless steel industry.

POSCO Holdings takes the first step in nickel business

POSCO Holdings is starting a nickel business for secondary batteries in Indonesia, a country with strong nickel resources.

Vale Indonesia to collaborate with Tisco

PT Vale Indonesia Tbk is planning to set up a stainless steel factory to expand the cooperation with Taiyuan Iron and Steel Group (Tisco)...

Indonesia to appeal against WTO’s nickel ore export ban

Indonesia plans to appeal against the World Trade Organization’s EU-leaning ruling on its nickel ore export ban, in what analysts say is an unwinnable...

Vale signs a deal with Shandong Xinhai and Baowu

PT Vale Indonesia has signed an investment deal with China’s Shandong Xinhai Technology Co. Ltd and a unit of China Baowu Steel Group Corp....

Tsingshan considers selling Indonesian assets to Baowu

China's stainless steel and nickel giant Tsingshan Holding Group is considering selling some of its assets in Indonesia to China Baowu Steel Group, the...

Bukaka builds nickel smelter powered by river water

Bukaka Teknik Utama is spending about USD 2bn to build nickel smelters powered by river water, as the engineering company seeks to enter the...