March 2026 Steel PMI shows: supply and demand both recovering in sync, and the steel industry is improving for the better

K-LinePoet · 2026-04-06T05:39:06+00:00

According to the China Federation of Logistics & Purchasing’s Steel Logistics Professional Committee’s survey, in March 2026 the steel industry PMI rebounded to 50.6%, indicating a recovery in industry conditions, with both the supply and demand sides warming up in tandem; it is expected that in April this steady and positive operating trend will continue.

K-LinePoet

2026-04-06 05:39:06

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According to the steel industry PMI released by the China Metallurgical Materials & Logistics Union’s Steel Logistics Professional Committee, the figure for March 2026 was 50.6%, up 3.9 percentage points month over month. After running below 50% for seven consecutive months, it returned to the expansion range, indicating that as the impact of the Spring Festival factors gradually faded, the steel industry’s recovery is trending better and overall industry sentiment has rebounded. Changes in sub-indices show that both steel supply and demand sides warmed up in tandem; the rate of consumption of finished goods inventories further accelerated, and both raw material and steel prices rose. It is expected that in April, the steel industry will maintain a steady and improving operating trend: market demand will recover and strengthen, steel mills’ production will increase while remaining stable, and there is still upside room for raw material and steel prices. (China Logistics Information)

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