Imports of stainless steel flat products into China totaled 85,788 tonnes in February, down by 68,630 tonnes or 44.4% from 154,418 tonnes in February 2018, according to Chinese customs data.
On a month-on-month basis, imports also dwindled by 17.8% from 104,331 tonnes in January.
Indonesia maintained its position as China’s largest supplier of stainless flat products, although imports from Southeast Asian countries also fell sharply.
Volumes from Indonesia came in at 58,608 tonnes last month, a 51.8% decrease from 121,555 tonnes in February 2018.
Major Indonesian steelmaker...