till this moment. Consider the impact of the Spring Festival holiday. Moreover. Building materials demand will usually start after March, and domestic construction steel prices continue to be in a downward channel. but. The harsh winter of China's steel market may have entered the late stage of adjustment. With the spring of intense demand for the peak season. At that time, the domestic steel market is expected to gradually stabilize.
The steel PMI consists of 11 diffusion indices and 1 composite index. It covers the most important and sensitive indicators of supply, demand, inventory, market vitality and so on. Also. The weights are: new order index 30% production index 25% employee index 20% raw material inventory index 15% supplier distribution index 10 is understood. Diffusion indices include new orders, backlogs, new exports, sales, finished goods inventory, and employee indices. The final composite index is weighted by five indicators in the diffusion index. %
The steel PMI critical point is determined to be 52% higher than 52%, indicating that the basic operating surface of the steel industry is good. It is different from PMI with a critical point of 50%. According to reports. The sales manager index of the national steel industry (referred to as the previous China Steel Logistics Cooperation Forum) revealed that the Federation of Logistics and Purchasing will officially release the steel PMI and analysis report on the 1st or 2nd of each month.
The steel PMI, which is shrinking below 52%, is also showing signs of Cai Jin, vice president of the federation. from now on. From March, it was stated that the steel transportation will be released on a monthly basis. China's logistics and procurement lines have begun to take off.
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