Industry sources told Fast Markets that on Friday, March 5, the plunge in China's steel futures and spot prices kept buyers away from the import market. The overnight price drop of rebar, hot rolled coil and iron ore futures suppressed buying interest, and the bid for imported HRS101-grade heavy waste (HS) was US$500-502 per ton of CFR China.
中国的钢铁行业采购经理人指数（PMI）在3月份达到47.9，或按月回落了0.7个基点China’s Steel Industry Purchasing Managers’ Index (PMI) reached 47.9 in March, or fell by 0.7 basis points on a month-to-month basis, due to the gradual recovery of domestic steel demand and the decline in steel production due to pollution control. The official index compiler- CFLP Steel Logistics Professional Committee (CSLPC)-commented in the version released on March 31.，原因是国内钢铁需求逐步恢复，而由于污染控制而导致的钢铁产量下降，官方指数 编译器-CFLP钢铁物流专业委员会（CSLPC）-在3月31日发布的版本中发表了评论。
The Purchasing Managers Index (PMI) of China's manufacturing industry rose by 1.3 basis points to 51.9 in March after experiencing three months of contraction or staying above the 50 threshold for 13 consecutive months. The country’s National Bureau of Statistics (NBS) released data on March 31 that China’s economy is growing.
On March 30, the national price of China’s HRB400 20mm diameter rebar reached its 9.5-year high of 4,911 yuan/ton ($755/t) ex-factory price, including 13% value-added tax, despite the cautious market, daily transactions of construction steel According to Mysteel's survey, the daily workload on the second working day increased by 18.4%.