China's steel operation prosperity index (SOPI) was 66.6 points in March

According to China Metallurgical Information and Standardization Institute, in March 2024, China's steel operation prosperity index (SOPI) was 66.6 points, decreased by 1.1 percentage points from the previous month. The steel industry operation was in a relatively standard range, rating: B. In March, the steel market showed a weak pattern of supply and demand. The price of steel and raw fuel was weak, and the decline in raw fuel price was greater than the decline in steel price. For now, the recovery in demand is still lower than expected, and inventories are at high levels.

In April, the market transaction may improve, and it is expected that the SOPI boom will rise to a general B+ rating.