Shopping Cart

China’s steel PMIs rebound in May as downstream demand ramps up

Hellenicshippingnews - China’s two steel industry purchasing managers’ indices both rebounded strongly in May amid a ramp-up in demand from the domestic infrastructure and construction sectors as coronavirus lockdown measures eased.

The headline PMI published by CFLP Steel Logistics Professional Committee rose by 5 basis points from April to 50.9 in May. A separate steel PMI published by the Hebei Metallurgical Industry Association rose by 5.2 basis points over the same period to 53.9 points. A reading above 50 indicates expansion and below that, contraction.

The CFLP’s sub-index for steel output rose by 3 basis points to 56.4 in May, and for new orders rose by 13 basis points to 52.9. Its sub-index for raw material purchase prices surged by 28.3 over the same period to 68.9 as supply shortages in Brazil exacerbated high seaborne iron ore prices.

Continue reading...

Kobe Steel Acquires Majority Share Of Wuxi Comp...
Older post
Tokyo Steel scrap prices push export values higher
Newer post

This is Photoshop's version of Lorem Ipsum. Proin gravida nibh vel velit auctor aliquet. Aenean sollicitudin, lorem quis bibendum auctor, nisi elit consequat ipsum.

Morbi accumsan ipsum velit. Nam nec tellus a odio tincidunt auctora ornare odio. Sed non mauris vitae erat consequat auctor eu in elit. Class aptent taciti sociosqu ad litora torquent per conubia nostra. , per inceptos himenaeos. Mauris in erat justo. Nullam ac urna eu felis dapibus

This is a cookie agreement request — you can customize it or disable on the backoffice. Cookies help us to provide you the best experience using our website.

Client service


We're available by phone (877) 350-0771 every day from 9 am. - 9 p.m. ET.

HOURS: Monday - Friday 8AM - 5PM
Saturday - Sunday Online
Holidays Online

(877) 350-0771

1420 Kettner Blvd #100 San Diego, CA 92101


Credit Card: Visa, MasterCard, Maestro, American Express

Back To Top
Do you like any template? Apply its settings to your store — just select the template you like and press the «Apply» button of the desirable one. Templates can be switched at any time.
Applying a new template overrides the settings. Press «Copy» and paste it into any text file to save your current settings.