In August of this year, the Procurement Procureus (PMI) index for the Chinese steel sector amounted to 49.8 percent, which is 0.7 percentage points lower than in July of this year, as declared the China Steel (CSLC) logistics committee, which is part of the Federation of Logistics and Purchases (CFLP). Interest points lower than in July.
In August, the Chinese steel sector production index amounted to 48.0 percent, which is 3.9 percentage points lower than in July. The purchases of raw materials amounted to 53.3 percent, which was 1.8 percentage points compared to July.
In the same month the index of finished steel inventory amounted to 53 percent, 7 percent points higher than in July, reaching the highest level over the past nine months
. In August, the raw materials purchase index amounted to 53.5 percent, 2.9 percentage points higher than in July, out of the above 50 points in two consecutive months, as well as new, as well as new, as well as new months, as well as new months, as well as new months, as well as new ones in the 92nd.
as of September, the demand for ready-made steel will gradually improve against the background of the traditional peak season for automobile and home appliances. However, continuous increased raw materials will reduce profitability on the steel side. At the same time, the military parade in September will reduce the production of finished steel, which will to a certain extent support steel prices. It is expected that the completed steel prices can rise in September.
