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In July, the domestic steel PMI was 54.8%.

  • Wednesday, August 1, 2018
  • Source:ferro-alloys.com

  • Keywords: In July, the domestic steel PMI was 54.8%.
[Fellow] In July, the domestic steel PMI was 54.8%.

Ferro-alloys.com:According to the relevant index report released by the China Federation of Iron and Steel Logistics Professional Committee on July 31, the domestic steel industry PMI (Purchasing Managers Index) was 54.8% in July, up 3.2 percentage points from the previous month. Despite the current high temperature and rainy season, some coastal areas are affected by typhoons, but steel production is strong and orders are in good condition. According to the analysis of the relevant index report, the domestic steel market was not weak in July, the production side remained strong, and the market price increased.

In the short term, the tight balance between supply and demand in the steel market will continue.

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