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China's steel industry PPI down 4.9 percent in H1

Wednesday, 10 July 2024 10:00:30 (GMT+3)   |   Shanghai
       

In the January-June period this year, China's producer price index (PPI) for its ferrous metal smelting and rolling sector declined by 4.9 percent year on year, according to the data released by China's National Bureau of Statistics (NBS). In June alone, China's producer price index (PPI) for its ferrous metal smelting and rolling sector decreased by 2.1 percent year on year, while declining by 0.6 percent month on month.

China's overall producer price index (PPI) decreased by 0.8 percent year on year in June, while it edged down by 0.2 percent month on month. Also in June, Chinese industrial producers' purchase prices declined by 0.5 percent year on year and rose by 0.1 percent compared to May.

In the January-June period this year, China's overall PPI declined by 2.1 percent year on year, while Chinese industrial producers' purchase prices decreased by 2.6 percent year on year.

$1 = RMB 7.1342


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