In September of this year, the Procurement Management Index (PMI) for the Chinese steel sector amounted to 47.7 percent, which is 2.1 percentage points lower than in August of this year, as declared the China Logistics Committee, which is part of the Federation of Logistics and Purifications (CFLP). 4.5 percentage points are lower than in August.
In September, the production index for the Chinese steel sector amounted to 45.7 percent, by 2.3 percentage points higher than in August.
in September, the finished steel index was 54 percent, 1.0 percent. 5.0 percentage points lower than in August.
. In October, the demand for ready-made steel will improve, since construction measures will completely resume after the national holiday (October 1-8). Meanwhile, some production sectors enter their peak of the season, which will increase the demand for steel. It is believed that finished steel prices can be recovered in October.
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