China: Billet imports fall by 15% m-o-m in Sept

The billet imports in China stood at around 2.7 mn t in Sept’20, witnessing an m-o-m decline of 15%. Vietnam, Russia, India, and Iran stood as the predominant exporters. The imports from Russia and India fell, resulting in a fall in imports, supported by reasonable domestic and ASEAN billet prices. For instance, Vietnam imports doubled during Sep’20.