Russia becomes China’s top billet supplier in August

China’s billet imports continued to rise on a year-on-year basis in August, with Russia emerging as the country’s biggest source of the product - instead of India as in previous few months - due to its lower prices.

August shipments were mainly booked in June and July.

Fastmarkets’ steel billet index export, fob Black Sea, Commonwealth of Independent States averaged $370...


Jessica Zong

October 09, 2020

07:00 GMT