Watch The Steel Industry PMI For September

- Sep 30, 2017 -


Abstract: the purchasing managers index of the traditional basic raw materials industry has continued to recover in the last four months, recovering to more than 51%.

Among them, the iron and steel industry PMI was 53.7 per cent in September, 3.5 percentage points lower than the previous month, but it has been at more than 50 per cent for five consecutive months.

The China federation of logistics and purchasing and the national bureau of statistics released today in September China manufacturing purchasing managers index is rising sharply last month, most industry keep the recovery picks up, the new leading role, make clear further positive momentum in economic stability.

China's manufacturing purchasing managers' index was 52.4% in September, up 0.7 percentage points from the previous month and the index was at its highest since May 2012.

The national bureau of statistics service industry research center senior statistician Zhao Qinghe said, from the point of manufacturing PMI, was up for two months in a row, and rose to since May 2012, so a high, so from the data reflect, manufacturing industry is to keep the stability of positive, steady into such a development trend.

Judging from the industry, only three industries in the 21 sectors surveyed are slightly below 50 percent, indicating that most industries have gone back to recovery.

The index of purchasing managers of high-end manufacturing and high-tech industries has been higher than the overall level of the manufacturing industry, and in September it rose significantly, showing the growth of new drivers.

The purchasing managers' index of the traditional basic raw materials industry has continued to recover in the last four months, recovering to more than 51 percent.

Among them, the iron and steel industry PMI was 53.7 per cent in September, 3.5 percentage points lower than the previous month, but it has been at more than 50 per cent for five consecutive months.

Professional committee of China federation of logistics and purchasing steel logistics Qiu Yuecheng said that steel production in September index, index of new orders and new export orders index fall, finished goods stock index has rebounded significantly, according to the domestic steel market in July and August than expected performance after continuously, into production in September and performance are steady slow demand, business inventories have been accumulated.

In addition, the expert reminds, from the perspective of market linkage from upstream to downstream products prices gradually formed, inflationary pressures have appeared, especially to speed up the raw material prices increase the cost, enterprise operating pressure is still large.


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