SMM Steel Report: Post-Holiday Manufacturing Activity Accelerates as PMI Remains Stable

[SMM Steel Manufacturing Downstream Report: Post-Holiday Manufacturing Enterprises Show Increased Willingness to Produce, Accelerating Production and Business Activities]

In February, China's Manufacturing Purchasing Managers' Index (PMI) stood at 49.1, a slight decrease of 0.1 percentage points MoM, indicating overall stable economic performance. Changes in sub-indices show that market demand in the manufacturing sector remained relatively stable, market prices tended to stabilize, medium-sized and large enterprises operated steadily, and enterprises' expectations showed a steady upward trend...