Indonesia: Billet imports fall by 10% m-o-m in Nov ’20

The billet imports in Indonesia witnessed a 10% m-o-m drop in Nov ’20 to reach 0.34 mnt. India, Oman, Russia, Saudi Arabia, and Malaysia stood as the predominant billet exporters. Imports from India and Oman noted having booked an m-o-m rise of 23% and 137%, respectively, while Russian imports declined by 6%. During the Jan-Nov ’20 period, the billet imports reported having witnessed a y-o-y decline of 23% to reach 3.23 mn t.