August Steel PMI: The characteristics of the off-season are still obvious, and the steel industry continues to weaken

Gold Ten Futures, August 31st, according to the PMI of the steel industry surveyed and released by the China Internet of Things Steel Logistics Professional Committee, it was 40.4% in August 2024, a decrease of 2.1 percentage points from the previous month, indicating that the steel industry continued to weaken. The sub-index changes show that the characteristics of the off-season of the steel industry are still obvious, the market demand has continued to decline, steel production has been reduced, steel plant inventories continue to increase, raw material prices are running at a low level, and steel prices have bottomed out. It is expected that in September, driven by the expected peak demand season, market demand has rebounded, steel production has increased slightly, and raw materials and steel prices have risen. < br > < img src = "https://flash-scdn.jin10.com/05ab1be4-bf22-4e51-a58f-d5f58a64d4d1.png" referrerpolicy = "no-referrer" >