Hebei's iron &steel PMI increases to 50.1% in Sep
2018-10-12 17:44:31 [Print]
According to the statistics released by Hebei Metallurgical Industry Association, the iron & steel PMI of Hebei province was 50.1% in September, up by 1.3% MOM, above the threshold again after below the threshold for three successive months.
The new orders index registered 48.1% in September, down by 2.9% MOM, showing that the iron and steel companies in Hebei saw limited new orders as prices for steel products increased sharply in the earlier stage and downstream consumers were relatively cautious about making purchases; The new export orders index was 49.5%, down by 0.1% MOM. The output index was 51.2%, up by 5.9% MOM, demonstrating that the iron and steel companies' production in Hebei expanded slightly; Finished product inventory index was 48.1%, up by 4.1% MOM, meaning that the iron and steel companies' stocks in Hebei were not large.
The new orders index registered 48.1% in September, down by 2.9% MOM, showing that the iron and steel companies in Hebei saw limited new orders as prices for steel products increased sharply in the earlier stage and downstream consumers were relatively cautious about making purchases; The new export orders index was 49.5%, down by 0.1% MOM. The output index was 51.2%, up by 5.9% MOM, demonstrating that the iron and steel companies' production in Hebei expanded slightly; Finished product inventory index was 48.1%, up by 4.1% MOM, meaning that the iron and steel companies' stocks in Hebei were not large.
