The steel PMI in October was 52.1%, and ASTM A283C steel market went up and down

In October, the steel industry PMI was 52.1%, an increase of 0.1 percentage points. Among the main sub-index, the ASTM A283C steel etc. steel production index, new order index, backlog order index and purchasing volume index all increased, while the inventory index of finished products decreased significantly.

PMI shows that with the arrival of ASTM A283C steel etc. steel production season, major steel enterprises are rushing to produce, while winter is approaching, some infrastructure facilities are also rushing to meet the construction period, resulting in a rapid increase in demand in the short term, the rising supply and demand led to an increase in enterprise purchasing volume and backlog orders, while steel production inventory consumption has accelerated.