In July, the steel PMI was 47.9%
According to the steel industry PMI survey released by the China association of things steel logistics professional committee, it was 47.9 percent in July, down 0.3 percentage points from the previous month.The sub-index shows that the market demand growth is slowing down, business activities have declined, finished goods inventory recovery, steel mill procurement activities are also in a state of contraction.On the whole, although there is the impact of the policy of production restriction, there is still a certain oversupply in the steel market, and the steel market shows a slowing trend.
I. market analysis
(1) the production and operation activities of steel mills have declined
Affected by the policy of production restriction, the production and operation activities of steel mills declined in July.The production index was 48.5%, down 0.6 percentage points from the previous month.Steel mill purchasing activity was also at a relatively low level, with the raw material purchasing volume index of 48.0%, up 0.2 percentage points from the previous month.The import index was 46.8%, up 1.5 percentage points from the previous month, all in contraction territory.Consumption of raw materials slowed, with the raw materials inventory index rising 0.7 percentage points to 44.2 percent from the previous month.