January domestic steel PMI rose to 49.7% enthusiasm for prod

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January domestic steel PMI rose to 49.7% enthusiasm for prod

Postby meishengchao » Wed Feb 21, 2018 8:58 am

<p>In January, the PMI for the domestic steel industry was 49.7%, up 2.1% from the previous month. This shows that the situation in the steel industry also improved slightly against the background of macroeconomic stabilization and recovery. However, the index is still within 50% of the contraction range for two consecutive months.Ss316 Stainless Steel Pipe Online Shopping</p>
<p>Among the major sub-indices, the production index of the steel industry rebounded slightly, but remained in the contraction zone for three consecutive months. The new orders index rebounded to the expansion zone again. The finished goods inventory index and purchase price index dropped slightly. The production and operation activities Expected index rose to nearly 5-month highs.ti 6246 bar ti6al2sn4zr6mo titanium alloy bar manufacturer supply</p>
<p>All these data show that the current domestic steel industry supply and demand situation continues to improve, steel companies order well organized, steel stocks decline, the general outlook for the market outlook is more optimistic. At present, the enthusiasm of the steel mills has risen. Production-related procurement activities showed a clear trend of expansion.</p>
<p>Purchasing Volume Index rebounded 2.6 ppts in January to 52.9%. The Import Raw Materials Index rebounded 5.8 ppts to 56.9%, the highest level since May 2016 and was in an expansion range for 4 consecutive months. The Raw Material Index L "to nearly 9-month high, up 0.8 ppt YoY to 53.1%. Judging from the changes of these indexes, with the continuous rise of steel prices, the profits of steel mills continue to improve, the enthusiasm for production has risen, and optimistic expectations of the market outlook have been achieved. The enthusiasm of raw materials procurement by steel mills has risen markedly.Seawater Corrosion 316L2B Smooth Surface 304 Stainless Steel Sheet</p>
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