The steel PMI in April was 50.6%, an increase of 4.6 percentage points month-on-month, marking the third consecutive month of month-on-month increase.

According to the survey and release of the steel industry PMI by the Steel and Iron Logistics Professional Committee of China, the PMI for the steel industry in April 2025 was 50.6%, a month-on-month increase of 4.6 percentage points, marking the third consecutive month of increase and the first return to the expansion zone in five months, indicating an improvement in the operation of the steel industry. Sub-index changes show that both steel supply and demand have increased, steel mill inventories are being depleted at a faster rate, but steel prices are fluctuating weakly and raw material prices continue to decline. It is expected that in May, steel market demand will continue to improve, steel mill production will continue to rise, and raw material and steel prices will rise from a low level.