China's steel PMI rises to 54.8% in July
2018-08-01 17:22:01 [Print]
According to relevant index report released by CFLP Steel Logistics Professional Committee on July 31, the steel industry PMI (Purchasing Managers Index) in China was 54.8% in July, up by 3.2% from the previous month.
Among the main sub-indices, the production index, new order index, and the raw material inventory index greatly increased. The new export order index, import index, purchase price index and finished goods inventory index decreased significantly. These data show that although some coastal areas are affected by typhoons during the hot and rainy season, steel production is strong; orders are in good condition; finished goods inventory reduced; cost pressures tend to ease; and corporate profits are better.
Among the main sub-indices, the production index, new order index, and the raw material inventory index greatly increased. The new export order index, import index, purchase price index and finished goods inventory index decreased significantly. These data show that although some coastal areas are affected by typhoons during the hot and rainy season, steel production is strong; orders are in good condition; finished goods inventory reduced; cost pressures tend to ease; and corporate profits are better.
