- China’s steel billet imports in CY’21 fell to 11.97 mn t from 17.35 mn t in CY’20, a fall of 31.02% y-o-y, as per data recently released by customs.
- Steel production curbs, preference for domestic billets and weak demand ensured that billet imports remained subdued.
- Imports fell sharply by 46.63% m-o-m in Dec’21 to 0.92 mn t compared with 1.73 mn t in Nov.
Leave a Reply