China September steel billet imports decline after record high in August

摘要

Chinese steel billet imports in September declined from August's record high to 1.48 million mt, according to the most recent customs data, and market participants expect volumes to drop in the fourth quarter. Billet imports in August reached an all-time high, not far off the full-year 2019 figure of 1.88 million mt, according to customs data, on account of a notable arbitrage margin and a boost from the infrastructure and construction sectors.