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PMI of Hebei's steel industry falls due to epidemic in Feb

The Hebei Metallurgical Industry Association announced on March 1 that the PMI of Hebei's steel industry in February 2021 was 45.7%, a decrease of 1.2% from the previous month. Affected by the Spring Festival holiday and the epidemic, the PMI of Hebei's steel industry fell.

In February, the index of new orders was 46.2%, down by 1.3% MOM; the index of new export orders was 49.0%, up by 1.5% from the previous month; the output index was 42.1%, an increase of 0.6% MOM; the finished goods inventory index was 61.4%, a month-on-month increase of 6.4%; the raw material inventory index was 37.0%, down by 2.1% against a month ago; the raw material purchase price index was 70.5%, up by 16.3% month-on-month.