According to the latest data released by China Federation of Logistics & Purchasing (CFLP) and NBS, the Purchasing Managers’ Index (PMI) of steel industry was 48.6% in February, 4.3 percentage points higher than that in January. New order index (NOI) was 43.3% in February, 8.3 percentage points higher than that in January.
Production index increased by 6.0 points to 54.7% last month. Stock index of raw materials was 46.4% last month, 4.1 percentage points higher than that in January. The new export order index increased by 6.2 points to 61.4% in February. The stock index of steel products declined by 10.6 points to 38.1%. The procurement price index of raw materials was 46.4% in February, 1.0 percentage points higher than that in January.
The PMI of whole country was 50.6% in February, 0.7 percentage points lower than that in February. The production index dropped by 1.6 points to 51.9%. New orders index dropped by 0.8 points to 51.5%. Stock index of raw materials was 47.7% last month, 1.3 percentage points lower than last month.
