Major steelmakers in eastern China look to billet imports amid production cuts

Steelmaking heavyweights in eastern China’s Jiangsu province were actively looking to source steel billet imports on Tuesday July 20, after the reality of crude steel production cuts in the region started to become clearer.

Three mill sources from the region told Fastmarkets they were interested in importing billet, with the recent output cuts communicated to them by Chinese authorities set to limit their ability to produce finished steel products in the second half of 2021.
Steelmakers can use billet – from the import or the domestic markets - to roll long steel products while simultaneously reducing their liquid steel production.

“Production in the second half of the year...

Published

Lee Allen

Jessica Zong

July 20, 2021

10:35 GMT

Singapore, Shanghai