4月钢铁PMI为50.6%，环比上升4.6个百分点，连续3个月环比上升

Core Viewpoint - The steel industry PMI for April 2025 is reported at 50.6%, indicating a month-on-month increase of 4.6 percentage points, marking the third consecutive month of growth and the first return to the expansion zone in five months, suggesting an improvement in the steel industry's performance [1] Industry Summary - The steel supply and demand have both increased, with steel mill inventories being consumed at a faster rate [1] - Despite the positive trends in supply and demand, steel prices are experiencing fluctuations and a downward trend, while raw material prices continue to decline [1] - It is anticipated that in May, the demand for steel will continue to recover, leading to an increase in steel mill production, with both raw material and steel prices expected to rebound from low levels [1]