May 2025 steel PMI shows: both supply and demand have fallen again, putting pressure on the operation of the steel market.

According to the survey and release of the steel industry PMI by the Committee of the China Internet of Things Steel Logistics Professional Committee, in May 2025, it was 46.4%, a decrease of 4.2 percentage points from the previous month, ending the continuous upward trend for three consecutive months and falling back into the contraction zone, indicating that the operating pressure of the steel industry has increased again. Changes in sub-indices show that steel market demand is declining, steel production in steel mills has fallen slightly, inventory digestion has slowed down, raw material prices are operating at low levels, steel prices are fluctuating weaker, but steel mill profits are still guaranteed. It is expected that in June, steel market demand will continue to be weak, supply will continue to decline, and raw material and steel prices will remain low and fluctuating.