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China’s steel industry PPI declines by 15.1 % in August

In August this year, China (china)’s producer price index (PPI) for its ferrous metal smelting and rolling sector declined by 15.1 % year on year, with the declining pace 5.6 percentage points faster compared to that recorded in July this year, while down 4.1 % month on month, according to the data released by China (china)’s National Bureau of Statistics (NBS).

In the first eight months this year, China (china)’s producer price index (PPI) for its ferrous metal smelting and rolling sector increased by 1.0 % year on year, 2.5 percentage points slower than the increase recorded in the first seven months.

China (china)’s overall producer price index (PPI) rose by 2.3 % year on year in August, while it declined by 1.2 % month on month. Meanwhile, in August Chinese industrial producers’ purchase prices rose by 4.2 % year on year and were down 1.4 % compared to July.

In the first eight months this year, China (china)’s overall producer price index (PPI) increased by 6.6 % year on year, while the industrial producers’ purchase prices rose by 9.1 % year on year.

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Arab Iron and Steel Union was established in Algeria in 1972 as the first Arab Union of the Arab countries to be founded under the Council of Economic Unity umbrella in the League of Arab States.

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