China’s billet imports drop in October on domestic price decreases

China’s billet imports fell in October on both a month-on-month and year-on-year basis, according to the latest Chinese customs data released earlier this week.

The country imported a total of 893,472 tonnes of billet last month, down by 21% from 1.13 million tonnes in September and down by 5% from a year earlier.

Low domestic prices for billet in mainland China forced importers to divert cargoes to destinations such as Taiwan and...

Published

Jessica Zong

Zihuan Pan

November 26, 2021

07:00 GMT

Shanghai