|
|
| |
|
|
China Steel PMI Falls to 36.6 in February due to Coronavirus Impact-The 21st China (Guangzhou) Int’l Spring Industry Exhibition
3/16/2020 弹簧展- Spring Industry Exhibition-Spring expo |
--------------------------------------------------------------------------------------------------------------- |
|
CFLP Steel Logistics Professional Committee announced that China’s Steel Purchasing Managers Index fell 10.5 basis points from January to 36.6 in February, impacted by the coronavirus, downstream demand weakened, pushing up finished steel inventories. The sub-index for steel production in February was 15.4 basis points lower from January at 31.3. The sub-index for raw materials inventories dropped to 29.2, illustrating the rapid drawdown of stocks when procurement became difficult. Meanwhile, the sub-index for new orders at steel mills in February was 32.7, down 11.1 basis points from the month before. Shrinking end-user demand and postponed construction activity lead to lower new orders. The sub-index for steel inventories went up 12.2 basis points from January to 57.5 in February.
It said “Looking ahead into March, steel demand is likely to start recovering, but accumulated steel stocks will pressure steel prices.”
弹簧展-2020第二十一届广州国际弹簧工业展览会-全球最大弹簧展会-巨浪展览
-The 21st China (Guangzhou) Int’l Spring Industry Exhibition
-Spring Industry Exhibition, spring expo, 2020 Spring exhibition, 2020 Spring expo, China Spring exhibition, China Spring expo, steel spring exhibition, steel spring expo, Springs Industry Exhibition, springs expo, 2020 Springs exhibition, 2020 Springs expo, China Springs exhibition, China Springs expo, steel springs exhibition, steel springs expo
|
|
|
|
|
