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Staying one step ahead of market by keeping an eye on Steelease Steel-PMI
Jul 19, 2011 16:09Source:SMM
Steelease Steel-PMI is an indication of the outlook of seven steel downstream industries.
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.
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