花辨直播官方版_花辨直播平台官方app下载_花辨直播免费版app下载

USEUROPEAFRICAASIA 中文雙語(yǔ)Fran?ais
Business
Home / Business / Industries

China's steel plants face renewed stock pressure

Xinhua | Updated: 2017-05-02 17:24

BEIJING — 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.

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US