In January China steel PMI index was 47.1%

From: JUNNAN STEEL NEWS
publisher: Gloria Wong
Time: 2020-02-06
Summary: In January China steel PMI index was 47.1%
From union steel logistics professional committee survey, released by the PMI (purchasing managers' index), iron and steel industry in January was 47.1%, a 4% rise in December 2019. Subentry index shows that the market demand is still in the slowing trend of relatively flat steel production, industrial chain inventory increase, the market price fluctuation is lesser, enterprise positive about future expectations. Notable is, the current spread of a new type of coronavirus pneumonia, will affect the production and demand of iron and steel industry in the short term.

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