Highlights May manufacturing production index lower on year Steel demand in vehicle industry continues improving in June Demand from home appliance, construction sectors remains poor China’s manufacturing production index for steel consumption produced by S&P Global Commodity Insights stood at 110 points in May, 9 points higher than in April but still down 5 points from the same period of 2021. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Despite further improvement seen in China’s manufacturing activity in June as it contained a pandemic resurgence, the strength of the recovery has remained sluggish, leading to the recent sharp drop in steel prices, industry sources said. The steel consumption index is based on production data from China’s National Bureau of Statistics for 18 steel-related manufactured goods, categorized into seven sectors and weighted according to their share of steel consumption. The monthly production average in 2018 is […]