April Steel PMI: Supply And Demand At Both Ends Of The Tightening Steel Industry Peak Season Is Not Prosperous

            According to the steel industry PMI investigated and released by the steel Logistics Committee of China Federation of Materials, it was 45% in April 2023, down 3.4 percentage points from the previous month, which was down for two consecutive months, indicating a slowdown in the steel industry. Sub-index changes show that market demand has tightened, steel production has fallen, the price of raw materials has declined significantly, steel prices have been shaken down, the steel industry as a whole is not prosperous peak season. Is expected in May, steel market supply and demand at both ends or continue to decline slightly. Iron ore prices continue to fall, steel prices fluctuate lower.