China's steel PMI rises to 50.6 in Mar-Shanghai Metals Market

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China's steel PMI rises to 50.6 in Mar

Price Review & Forecast 10:37:59AM Apr 04, 2018 Source:SMM

SHANGHAI, Apr 4 (SMM) – China's steel purchasing managers' index (PMI) in March rose 1.1 from February and stood at 50.6, according to data from China Federation of Logistics & Purchasing. A reading above 50 signals an expansion.

SMM expects steel prices to rebound in April given a bullish market. Steel inventories have shrunk since late-March with the pickup in downstream demand recovery.

SMM's steel PMI for March stood at 50.83 after seasonal adjustments, up 12.58 on the month and 9.59 on the year. For more information, please refer to SMM's China Steel PMI Monthly report.

 


For editorial queries, please contact Daisy Tseng at daisy@smm.cn 
For more information on how to access our research reports, please email service.en@smm.cn

Key Words:  steel   PMI 

China's steel PMI rises to 50.6 in Mar

Price Review & Forecast 10:37:59AM Apr 04, 2018 Source:SMM

SHANGHAI, Apr 4 (SMM) – China's steel purchasing managers' index (PMI) in March rose 1.1 from February and stood at 50.6, according to data from China Federation of Logistics & Purchasing. A reading above 50 signals an expansion.

SMM expects steel prices to rebound in April given a bullish market. Steel inventories have shrunk since late-March with the pickup in downstream demand recovery.

SMM's steel PMI for March stood at 50.83 after seasonal adjustments, up 12.58 on the month and 9.59 on the year. For more information, please refer to SMM's China Steel PMI Monthly report.

 


For editorial queries, please contact Daisy Tseng at daisy@smm.cn 
For more information on how to access our research reports, please email service.en@smm.cn

Key Words:  steel   PMI