China's billet exports welcomed as global scrap prices rise

Overseas mini-mills have shown a growing interest in Chinese billets recently, and this trend comes as global steel markets experience notable shifts due to rising steel and scrap prices, largely influenced by U.S. tariff policies, Mysteel Global has learned.

The U.S. government's decision to impose 25% tariffs on steel imports from all countries took effect on March 12, leading to a sharp increase in its domestic steel product and scrap prices. As a key exporter of scrap, the U.S. price surge has pushed global scrap prices higher and impacted