China's steel industry sees PMI of 50.9% in May

The PMI of China's steel industry in May issued by CFLP Steel Logistics Professional Committee was 50.Asian Metal CopyrightThe PMI of China's steel industry in May issued by CFLP Steel Logistics Professional Committee was 50.Asian Metal Copyright9%, up by 5 percentage points MOM, marking that the domestic steel industry recovered more rapidly.Asian Metal Copyright9%, up by 5 percentage points MOM, marking that the domestic steel industry recovered more rapidly.Asian Metal Copyright Sub-indexes indicate that China's steel output kept increasing in May; market demand tended to pick up, driving enterprises and the society to speed up destocking, raw materials to rise significantly and enterprises to basically keep stable employment activities.Asian Metal CopyrightThe PMI of China's steel industry in May issued by CFLP Steel Logistics Professional Committee was 50.Asian Metal Copyright It's expected that the domestic steel mills' production growth rate would decline in June when the demand for steel would be tight and raw material prices would remain high.
.Asian Metal Copyright9%, up by 5 percentage points MOM, marking that the domestic steel industry recovered more rapidlyAsian Metal Copyright