Author: Lalita
-
China’s billet imports rise in Jan-May’21 on domestic supply crunch
Steel billet imports into China increased by 29% year-on-year to 3.76 million tonnes (mn t) in Jan-May’21 as compared to 2.92 mn t in the corresponding period last year (CPLY), SteelMint’s customs data reveals. The Chinese government sought to facilitate imports of semi-finished steel to feed domestic demand amidst supply crunch as it stepped up…