Global Stainless & Nickel Pulse: From TISCO’s Alloy Breakthrough to Goldman’s Nickel Outlook

1.     TISCO Sets Another World Record in Nickel Alloy Production

TISCO has once again raised the global benchmark in high-end nickel alloy manufacturing. On October 9, the company announced the stable mass production of N10276 nickel-based alloy hot-rolled coils, with each coil weighing over 14 tons, the largest of its kind in the world.

Following its record-breaking N06625 super alloy coils in late 2024, TISCO continues to solidify its dominance in corrosion-resistant, high-performance alloy production, a field essential to aerospace, chemical, and marine industries.

2️. Brazil Extends Anti-Dumping Tariffs on China and Taiwan Cold-Rolled Stainless Steel

On September 30, 2025, Brazil’s GECEX issued Resolution No. 798, finalizing its second sunset review on cold-rolled stainless steel imports from China and Taiwan. The decision reaffirms that dumping persists, and therefore, five more years of anti-dumping duties will continue.

This move underscores the persistence of global trade protectionism in stainless steel markets, now spanning from Southeast Asia to South America.

3. TISOC Secures New Patent in High Formability Austenitic Stainless Steel

TISCO (000825) has been granted a new invention patent (CN202411417367.3) titled “A Cold-Rolled Austenitic Stainless Steel with High Cold Formability and Its Production Method.”

As of October 10, 2025, TISCO has obtained 96 patents this year, marking a 20% increase YoY, reinforcing its leadership in metallurgical innovation and process technology.

4. Baosteel Desheng Develops Premium Carbon Steel B2311

Baosteel Desheng has successfully developed B2311, a high-quality carbon structural steel, further enriching its mid-to-high carbon product portfolio after the success of 50# steel

This innovation aligns with the company’s market-driven R&D strategy to boost

product profitability and strengthen its competitiveness in specialized carbon steels.

5. Goldman Sachs Lowers Nickel Price Forecast by 6% to USD 14,500/ton by Dec 2026

Goldman Sachs expects the global nickel market to remain oversupplied unless Indonesian producers cut margins.

In its latest report (October 11), the bank forecasts nickel prices to drop 6% to USD 14,500/ton by December 2026, citing persistent production growth and insufficient demand recovery.

6. Global Raw Material Watch

GEM Co. confirmed it is closely monitoring China’s new export controls on ternary precursor materials, while its 50,000-ton high-nickel precursor facility in Indonesia is already operational, supplying high-end overseas clients.

South Africa will impose export duties on chrome and manganese, part of a broader industrial revitalization plan to protect its ferrochrome and mining sectors.

Jinchuan Group’s nickel-cobalt power plant has successfully launched its 50,000 Nm³/h air separation unit, entering trial production and boosting oxygen output efficiency for expanded capacity.

🔍 Summary Insight:

The stainless and nickel landscape is simultaneously advancing technologically and tightening geopolitically.

From TISCO’s record-breaking alloy to Brazil’s and Thailand’s tariff walls, and from Goldman’s price warning to new export duties across Africa, the message is clear: the metal industry’s next frontier belongs to those who innovate fast and adapt even faster.