- China’s steel imports dipped 10% y-o-y to 5.72 mnt in Jan-Oct’24 as against 6.37 mnt in the year-ago period, according to General Administration of Customs data.
- Preference for exports, coupled with weak domestic demand and the impact of ongoing holidays during the review period, continued to weigh on imports.
- Imports edged down by 3% m-o-m in Oct to 540,000 t compared to 555,000 t in Sep.
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