SMM Downstream Report: Steel Manufacturing PMI Rebounds Above 50 in October, Boosted by Domestic Policies and Overseas Demand

【SMM Downstream Report on Steel Manufacturing Industry: October PMI Returns Above the PMI 50 Threshold, Impressive Performance in the “Silver October”】

Driven by policies such as trade-in promotions and scrapping subsidies for domestic sales, coupled with the stimulus of aggressive promotional activities by various dealers ahead of Singles' Day, the automobile, home appliance, and machinery industries have all seen year-on-year growth. Meanwhile, overseas markets are also actively stocking up for Black Friday...