Hebei Province steel sector PMI increases to 50.5 percent in March

Tuesday, 02 April 2019 10:45:54 (GMT+3)   |   Shanghai

In March, the purchasing managers' index (PMI) of the steel sector in China’s Hebei Province rose to 50.5 percent, up 1.4 percentage points month on month, as announced by the Hebei Province Metallurgical Industry Association.

In March, the overall new order index for Hebei Province’s steel sector stood at 55.8 percent, up 7.7 percentage points compared to the previous month. In the given month, the production index for Hebei Province’s steel sector was at 46.2 percent, down 5.7 percentage points month on month, while the inventory index for finished steel in Hebei Province decreased to 45.5 percent, down 12.2 percentage points month on month. In addition, the raw material inventory index for the steel sector in Hebei increased to 43.4 percent, up 3.0 percentage points month on month.

Most Recent Related Articles

Ex-CIS billet prices under pressure from weak demand, negative sentiment in scrap

India’s ArcelorMittal Nippon Steel bids to secure iron ore mines in Odisha

China’s HRC output up 10% in 2019, CRC output rises by 3.5 percent

Short sea scrap price down sharply in fresh deals to Turkey