Industry News

China’s manufacturing industry expected to be optimistic in April

Views : 85
Update time : 2023-03-31 16:36:04
In April, the structural steel inventory of the downstream buyers was expected to stay at a low level. The daily consumption would increase by 2.74% from the previous month. The structural steel demand from projects in each China area would be stable.

For the machine industry, the overall orders in April were expected to be optimistic, but the resumption was still slow. Most market participants still took a wait-and-see attitude. Meanwhile, China’s home appliance industry’s orders would slightly increase due to China’s stimulated policies and the real estate industry recovery.

Regarding China’s automobile industry, 36.84% of the total automobile industry reported that their orders increased in April compared to the volume in March. The government subsidy made automobile consumption gradually resume.

With entering the peak season in March and April, the operation of projects will speed up. The marginal cost of steel mills improves, and raw material prices maintain high. As a result, China’s manufacturing industry in April was forecasted to perform well.
Related News
Read More >>
The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today
Mar .12.2025
The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today
Uzbekistan’s aluminium cans manufacturing unit to reduce dependency on imported aluminium packaging Uzbekistan’s aluminium cans manufacturing unit to reduce dependency on imported aluminium packaging
Mar .12.2025
Uzbekistan’s aluminium cans manufacturing unit to reduce dependency on imported aluminium packaging
Two contrast sequences set to boost China’s aluminium smelters’ profitability, offsetting tariff losses. What are they? Two contrast sequences set to boost China’s aluminium smelters’ profitability, offsetting tariff losses. What are they?
Mar .12.2025
Two contrast sequences set to boost China’s aluminium smelters’ profitability, offsetting tariff losses. What are they?
International crude oil prices increase on Mar 11 International crude oil prices increase on Mar 11
Mar .12.2025
International crude oil prices increase on Mar 11