China’s steel sector PMI increases to 50.6 percent in March 2026

In March this year, the purchasing managers index (PMI) for the Chinese steel sector was at 50.6 percent, 3.9 percentage points higher than that recorded in February, as announced by the China Steel Logistics Committee (CSLC), which is part of the China Federation of Logistics and Purchasing (CFLP). Moreover, in March, the new order index stood at 51.2 percent, hitting a record new high for the past eight months, 10.9 percentage points higher than in February. In March, the new export order index stood at 39.6 percent, 10.1 percentage points lower than in February. First, the new steel export licensing…