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Home / Metal News / Staying one step ahead of market by keeping an eye on Steelease Steel-PMI

Staying one step ahead of market by keeping an eye on Steelease Steel-PMI

iconJul 19, 2011 16:01
Steelease PMI

Since Steelease Steel-PMI made its debut in August 2009, it has become an indispensible tool and indicators for Baosteel group and major fund companies. As an index including 11 indicators from production, new orders, inventory changes, to employment, Steelease Steel-PMI is an indication of the outlook of seven steel downstream industries. It is also a reflection of the trend of overall demand, production, and orders in steel downstream industries.
During past 2 years, Steel-PMI has been proved to lead steel markets by one month, as the comparison diagram showed below. 

 

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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