Greater inflow of seaborne steel billet to little impact spot steel prices in China_SMM

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Home / Metal News / Steel & Iron Ore / Greater inflow of seaborne steel billet to little impact spot steel prices in China

Greater inflow of seaborne steel billet to little impact spot steel prices in China

Mar 24,2020 14:41

CST

SMM Insight

Source:SMM

It is understood that about 60,000 mt of seaborne steel billet will enter China as steel prices in the international market kept declining amid the coronavirus impact. While this grew investors’ concerns that greater inflows of cheap materials could threaten domestic spot prices, the latest SMM survey suggests that the impact will be limited.

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