PMI of Chinese steel industry reaches 52.1% in Apr
2019-05-06 18:01:11 [Print]
According to the data released by CFLP Steel Logistics Professional Committee, PMI of steel industry was 52.1% in April, up by 7.2% from last month.
In the sub-indexes, production index and new offer index rebounded to the expanding range with a great increase; new export orders rose again after the decline; purchasing volume index and purchasing price index increased apparently; the employee index returned to the threshold level.
PMI indicates that the steel industry rebounded to expanding range in April. The supply increased and production rates of steel mills also increased stably. However, affected by the price rise of raw materials, the purchase of steel mills was still in a shrinking range and enterprises' profits faced stress.
In the sub-indexes, production index and new offer index rebounded to the expanding range with a great increase; new export orders rose again after the decline; purchasing volume index and purchasing price index increased apparently; the employee index returned to the threshold level.
PMI indicates that the steel industry rebounded to expanding range in April. The supply increased and production rates of steel mills also increased stably. However, affected by the price rise of raw materials, the purchase of steel mills was still in a shrinking range and enterprises' profits faced stress.
