Reported U.S. Consumption Of Nickel, By Use

This table presents detailed data on the reported consumption of nickel in the United States, categorized by its various industrial uses and distinguishing between primary nickel and secondary nickel derived from scrap. This information is crucial for understanding the demand dynamics within key sectors such as stainless steel production, superalloys, plating, and chemical applications. Tracking nickel consumption by use helps industries and policymakers gauge market trends, assess supply chain needs, and make informed decisions regarding resource allocation, trade policies, and investment in domestic production or recycling initiatives.

In 2023, total nickel consumption in the U.S. amounted to 251,000 metric tons, a slight decrease from 260,000 metric tons in 2022. Stainless and heat-resistant steel remained the dominant consumer, accounting for 167,000 metric tons, although this represents a decline from 181,000 metric tons the previous year. Notably, secondary nickel use in stainless steel was substantial at 133,000 metric tons, highlighting the importance of scrap recycling in this sector. Consumption of nickel in superalloys was steady at 46,200 metric tons, showing only a minor revision from 46,700 metric tons in 2022. The category labeled "Other" nickel alloys saw a significant increase to 22,800 metric tons from 18,200 metric tons, driven in part by 6,660 metric tons of secondary nickel use. These trends underscore a modest overall contraction in nickel demand, with recycling playing a vital role in meeting industrial needs.