Author: Pranjal Markale
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China: Billet imports at over 1 mn t in May’21
Steel billet imports by China in May’21 registered a rise of 37% m-o-m to around 1.03 mn t. On yearly basis, imports increased by 34%, as per Chinese customs data. Vietnam, Indonesia, Iran, Oman, Malaysia and India were the predominant exporters. The rise in Chinese billet imports can be attributed to increased supply from Iran…