Lower Chinese steel output creates billet shortage; prices rise

A reduction in output from some Chinese mills in recent weeks has created a shortage of steel billet, raising both local and import prices for the semi-finished material in the week ended Wednesday January 19.

In the major Tangshan market, spot market stocks of billet were at 283,000 tonnes on January 13, down by 233,000 tonnes from 516,000 tonnes on December 30, according to a...

Published

Lee Allen

Jessica Zong

January 19, 2022

18:18 GMT

Shanghai, London