China: Steel billet imports fall over 25% m-o-m in Oct’22

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China’s billets import volumes fell by 26% m-o-m to 417,554 t in Oct’22 as against 561,429 t in September.
Preference for domestic billets, weak end-user demand, subdued finished steel sentiments and the country’s shifting to the exports market continued to weigh on imports.
Import volumes fell y-o-y by 50% to 4.62 mnt in Jan-Oct’22 as against 9.32 mnt in the same period last year.

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