- China’s steel imports in Jan-Aug’22 fell by 21.25% to 7.45 mnt as against 9.46 mnt in the same period last year, as per data recently released by customs.
- Preference for domestic steel, weak end-user demand and subdued finished steel sentiments continued to weigh on imports.
- Imports in Aug’22 stood at 89,000 t compared to 79,000 t in July.
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