China: Steel billet imports fall nearly 50% y-o-y in Jan-Sep’22

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China’s billet import volumes fell by 48.21% to 4.20 mnt on the year in Jan-Sep’22 as against 8.11 mnt in the year-ago period.
Preference for domestic billets, weak end-user demand and subdued finished steel sentiments continued to weigh on imports.
However, import volumes rose sharply m-o-m by 57% to 561,430 t in Sep’22 as against 358,113 t in Aug’22.

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