In March, the steel PMI was 46%, up 0.9 percentage points from the previous month, rebounding for two consecutive months

Gold Ten Futures March 31st news, from the survey of the China Internet of Things Iron and Steel Logistics Professional Committee, the steel industry PMI released, in March 2025 was 46%, an increase of 0.9 percentage points, two consecutive months-on-month rebound, but the index is still running in the contraction range, showing that the steel industry recovery is slow. Sub-index changes show that steel demand slowly recovered, end point procurement better rebounded, steel mill production stabilized, but the pressure of oversupply appeared. Raw material prices continue to decline, steel prices fluctuated lower. It is expected that in April, steel market demand will pick up, steel mill production will rise steadily, and raw material and steel prices will rise at a low level.