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May 2021 Steel pmi shows: steel price fluctuations sharply in market supply and demand growth differentiation

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      According to the steel industry pmi, investigated and released by the China Federation of Things Steel Logistics Professional Committee, it was 46.1% in May, up 0.7 percentage points month-on-previous month. The subindex showed that the prices of raw materials and steel fluctuated significantly during the month, steel mill production increased, market demand slowed down, and the speed of steel mills going to storage declined. It is expected that in June, steel prices to maintain a small shock, market demand continues to bear pressure, steel mills production growth slowed down.

Figure 1 Changes in Steel Industry since 2018