Hebei Iron and Steel industry in September PMI down

From: China Steel News
publisher: Gloria Wang
Time: 2017-10-09

    October 1, 2017 Hebei Province Metallurgical Industry Association issued in September 2017 Hebei Iron and Steel industry PMI was 51.1%, the chain fell 4.8%, for 5 consecutive months on top of the line. The new orders index for September was 49.9%, down 17.5% MoM. With the high price of steel consolidation, the industry spread of high sentiment caused by the decline in demand for new orders.

    Hebei varieties of rolling line operating rate of the chain in August than a steady drop, which thread, hot coil capacity utilization rate is not much, the impact of coal by the gas, capacity utilization dropped significantly. September finished product inventory index of 46.0%, up 14.8%, steel price correction makes steel stocks rose slightly, in view of the increase in the factory, the market no excessive worry. September raw material inventory index of 49.2%, up 3.2% qoq, steel raw material inventories continue to decline.

    Looking ahead in October, the northern part of the steel mills limited production soon, in the production effect, supply and demand both ends are subject to certain restrictions, the overall tight supply and demand of steel market is expected to continue to maintain the state.

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