Hebei Province steel sector PMI increases to 48.0 percent in January

Monday, 11 February 2019 10:10:46 (GMT+3)   |   Shanghai
       

In January, the purchasing managers' index (PMI) of the steel sector in China’s Hebei Province rose to 48.0 percent, up 3.3 percentage points month on month, as announced by the Hebei Province Metallurgical Industry Association.

In January, the overall new order index for Hebei Province’s steel sector stood at 46.2 percent, up 5.8 percentage points compared to the previous month. Meanwhile, the new export order index for the sector was at 45.5 percent, increasing by 2.6 percentage points month on month. In the given month, the production index for Hebei Province’s steel sector was at 46.2 percent, up 3.6 percentage points month on month, while the inventory index for finished steel in Hebei Province decreased to 48.4 percent, increasing by 2.1 percentage points month on month. In addition, the raw material inventory index for the steel sector in Hebei increased to 51.9 percent, up 5.6 percentage points month on month.


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