Maharashtra clears 937 hectares for Gadchiroli steel expansion Steel stock surges 29% in just two days Steel output rises 14% to 9.25 MT Infrastructure boom fuels India’s steel consumption
The China Steel Logistics Committee (CSLC), a division of the China Federation of Logistics and Purchasing (CFLP), declared that in May of this year, the purchasing managers index (PMI) for the Chinese steel industry was 49.8%, which is 1.9 percentage points higher than the record set in April.
Furthermore, the new order index rose by 2.2 percentage points from April to 49.6% in May. The new export order index was above 50% for the third consecutive month in May, with a percentage point drop of 0.8 from April to 52.2%.
In the given month, the production index for the Chinese steel sector stood at 50.6 percent, 0.9 percentage points higher than in April, and was above 50.0 percent, which indicates that production activities have been expanding.
In May, the index of raw material purchase prices stood at 77.5 percent, 21.6 percentage points higher than in April, expanding significantly for the second consecutive month.
As for June, production of steel will likely move on a steady trend amid the hot weather and the stimulus policies for the real estate sector issued by China. It is thought that steel prices are unlikely to indicate a rising trend in June, but will edge down slightly.
Also Read : Iron Ore Extends Monthly Losses on China Steel Output Cut Fears China's steel output down 1.5% year-on-year in Jan-Feb 2025
The Union Minister for Power and New and Renewable Energy, Shri R. K. Singh, recently led a meeting...
Press Releases 25-Jan-2024
The Centre on Thursday designated iron and steel as "public utilities" for the next six months, foll...
Announcement 16-Feb-2024
Rashtriya Ispat Nigam Limited (RINL) has launched a proposal for the sale of non-core surplus freeho...
Large Corporate 23-Feb-2024
The United Kingdom is likely to miss its near and long-term emissions reduction goals, according to...
Europe 22-Feb-2024
Delhi's BSES Rajdhani, BSES Yamuna, Tata Power Delhi, and Noida Power secured top ratings in power d...
Mid Corporate 20-Jan-2024
The International Energy Agency (IEA) is launching a program to secure the supply of minerals critic...
Large Corporate 14-Feb-2024