Home > News > Last month, the steel industry PMI was 52: inventory growth accelerated and new orders fell.
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Last month, the steel industry PMI was 52: inventory growth accelerated and new orders fell.
The Mainland's steel industry PMI was 52% in September, down 1.4 percentage points from the previous month, according to the China Federation of Things and Metals Logistics Committee.
In the main sub-index, production index and finished product inventory index rose by a large margin, new orders and other indicators decreased significantly, indicating that steel production will still be strong, but the continued rise in steel prices inhibited the purchase intention of downstream enterprises, resulting in a decline in steel orders, finished product inventory increased. The steel industry's production index in September was 53.6%, up 3.6 percentage points from the previous month. At present, steel mills have maintained strong production, raw material procurement and inventory have increased.
In September, the steel raw material purchase price index rose by 1.5 percentage points to 63.2% from the previous month, a year-high, rising for two consecutive months, reflecting the still greater cost pressure on steel enterprises. As of September 28th, the scrap price in Jiangsu area was 2570 yuan (RMB) per ton. The price of secondary coke in Shanxi Province was 2 420 yuan per ton, 30 yuan higher than that at the end of last month, and the price index of iron ore was 750 yuan per ton, up 10 yuan per month. (source: economic link China Station)
In the main sub-index, production index and finished product inventory index rose by a large margin, new orders and other indicators decreased significantly, indicating that steel production will still be strong, but the continued rise in steel prices inhibited the purchase intention of downstream enterprises, resulting in a decline in steel orders, finished product inventory increased. The steel industry's production index in September was 53.6%, up 3.6 percentage points from the previous month. At present, steel mills have maintained strong production, raw material procurement and inventory have increased.
In September, the steel raw material purchase price index rose by 1.5 percentage points to 63.2% from the previous month, a year-high, rising for two consecutive months, reflecting the still greater cost pressure on steel enterprises. As of September 28th, the scrap price in Jiangsu area was 2570 yuan (RMB) per ton. The price of secondary coke in Shanxi Province was 2 420 yuan per ton, 30 yuan higher than that at the end of last month, and the price index of iron ore was 750 yuan per ton, up 10 yuan per month. (source: economic link China Station)
