China's steel industry PMI records 49.2% in Jul
2020-07-31 17:25:20 [Print]
According to date released by CFLP Steel Logistics Professional Committee, the steel industry PMI in July posted 49.2%, down by 0.1 percentage point from last month. The steel industry kept relatively stable.
The sub index showed that steel production growth fell to some extent while market demand was still tight. The price of raw materials maintained an upward trend, and enterprise slightly decreased purchases with better expectation for the future market. It is expected that in August, the market demand may be released, steel production would maintain growth, and the price of finished steel might fluctuate up.
The sub index showed that steel production growth fell to some extent while market demand was still tight. The price of raw materials maintained an upward trend, and enterprise slightly decreased purchases with better expectation for the future market. It is expected that in August, the market demand may be released, steel production would maintain growth, and the price of finished steel might fluctuate up.
