Guangzhou scrap recycling company said steel rebound
Guangzhou's waste recycling company said the index of the March index soared to 8.8 points to 63.4 points in February, the highest since April last year. Platts China steel sentiment index reflects the market participants on the expected next month market. With the purchasing managers index (PMI) similar to the CSSI index greater than 50 indicates an increase or expansion, less than 50 indicates a decrease or contraction.
Guangzhou Recycling Energy Information iron and steel raw materials executive editor, said: & ldquo; after the Spring Festival market rebound in the mood originally is very normal, but due to prior months of orders continued to decline, coupled with China's steel market previously is not active, so the magnitude of the pick up this year more significant. Although the new orders are expected to have a lot of improvement, but the market for the export pessimism is still ongoing, and high iron and steel stocks may also inhibit the rise of steel prices to the original level.