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China's Steel Sector PMI Increases in December

2016-01-05 17:05:57

 
 

China Steel Logistics Committee (CSLC), which is part of the China Federation of Logistics and Purchasing (CFLP), announced that the purchasing managers index (PMI) for the Chinese steel sector was at 40.6 percent in December 2016 up 3.6 percentage points as compared to November.

In addition, in December the production index for the steel sector increased by 3.1 percentage points compared to the previous month to 38.5 percent. Meanwhile, in December the sub-index for new orders saw an increase of 11.2 percentage points month on month to 40.9 percent.

In the given month, the finished steel inventory index decreased to 39.5 percent, down 9.7 percentage points month on month, the index for new export orders saw a month-on-month increase of 6.6 percentage points to 47.8 percent, while the purchase price index in the Chinese steel sector stood at 26.0 percent, indicating an increase of 1.4 percentage points month on month.

In December last year, the purchasing managers' index (PMI) of the steel sector in China's Hebei Province increased to 39.1 percent, up 4.5 percentage points month on month, remaining below the threshold mark of 50 for the seventh consecutive month, as announced by the Hebei Province Metallurgical Industry Association.

In December, the overall new order index for Hebei Province's steel sector stood at 41.5 percent, up 6.4 percentage points compared to the previous month. Meanwhile, the new export order index for the sector was at 60.7 percent, up 6.5 percentage points month on month. In the given month, the production index for Hebei Province's steel sector was at 32.7 percent, up 5.0 percentage points month on month.

In December, the inventory index for finished steel in Hebei Province increased to 46.7 percent, up 5.3 percentage points month on month. In addition, the raw material inventory index in Hebei Province increased to 42.9 percent, up 4.7 percentage points month on month.

Source: Steel Guru

 

 

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