Omicron variant fears, approaching holidays dent China import steel billet prices

Fears surrounding the spread of the Omicron Covid-19 variant across the country and lower activity in China's domestic physical steel markets reduced Chinese spot prices for imported steel billet in the week ended Tuesday January 18, sources told Fastmarkets.

There were 171 officially confirmed, symptomatic Covid-19 cases recorded in China on Tuesday, according to the country’s National Health Commission.

The apparent hotspot is in Henan province, which accounted...

Published

Lee Allen

January 18, 2022

14:05 GMT

London