In January of this year, the Purchasing Managers' Index (PMI) for China's steel industry was 49.9 percent, 3.6 percentage points higher than last December, as announced by the China Steel Logistics Committee (CSLC), which is part of the Chinese Federation of Logistics and Procurement (CFLP).
. The index of new orders was 50.2 percent, which is 4.8 percentage points higher than in December.
Under the influence of the implementation of the new steel export licensing policy, enterprises have slowed down order processing, which has had a negative impact on steel exports from China. In January, the index of new export orders was 37.9 percent, 3.1 percentage points lower than in December, indicating a month-on-month decline for three consecutive months.
In January, China's steel industry production index was 48.4 percent, 4.7 percentage points higher than in December.
In January, the index of stocks of finished steel amounted to 52.2 percent, which is 6.1 percentage points higher than in December.
In January, the raw materials purchase volume index was 57.9 percent, which is 13.4 percentage points higher than in December.
In January, the raw materials purchasing index rose to 44.3 percent, which is 13.7 percentage points more than in December.
As for February, the slowdown in production activity will lead to a recession. when purchasing raw materials. As the Chinese New Year approaches (February 14-23), prices for finished steel and raw materials in the Chinese domestic market are likely to fluctuate in a limited range.
