Latest News
China's steel plants face renewed stock pressure
Last Updated: 2017-05-03 09:06 | Xinhua
 Save  Print   E-mail

Chinese steel plants are seeing growing output but falling orders, renewing concerns of excess inventories, an industrial index showed.

The Purchasing Managers' Index of the steel sector continued to slide to 49.1 in April, according to the China Federation of Logistics & Purchasing (CFLP).

The sub-index for production rose for the fourth-consecutive month to an almost one-year high while that for new orders and prices fell below the 50 boom-bust line for the first time this year, CFLP data showed.

Slumping steel prices and tight liquidity conditions weighed on steel product users, adding to sale pressure for steel plants.

Both official and private surveys showed that China's manufacturing sector eased expansion in April.

0
Share to 
Related Articles:
Most Popular
BACK TO TOP
Edition:
Chinese | BIG5 | Deutsch
Link:    
Xinhuanet | Chinadaily.com.cn | People's Daily Online | China.org.cn | CNTV | China.com | Global Times | Ecns.cn | China Youth International | Visit Beijing | Taiwan.cn
About CE.cn | About the Economic Daily | Contact us
Copyright 2003-2015 China Economic Net. All right reserved