April Iron and Steel PMI: supply and demand tighten at both ends of the steel industry peak season is not buoyant. According to the steel industry PMI investigated and released by the China Union of things Steel Logistics Professional Committee, it was 45% in April 2023, down 3.4% from the previous month and declining for two consecutive months, indicating that the operation of the iron and steel industry has slowed down. Changes in the sub-index show that market demand has tightened, steel production has fallen, raw material prices have dropped significantly, steel prices have fluctuated downward, the steel industry as a whole is not prosperous during the peak season. It is expected that in May, the supply and demand of the steel market may continue to decline slightly. Iron ore prices continued to fall, steel prices fluctuated lower.