In October of this year, the purchasing Managers' Index (PMI) of the steel sector in China's Hebei Province increased to 48.8 percent, up 0.1 percentage points from the previous month, according to the Hebei Province Metallurgical Industry Association (MIA). In a given month, the PMI trend for the Hebei Province steel sector was the same as for the whole of China, which increased by 1.5 percentage points month-on-month to 49.2 percent, as announced by the China Steel Logistics Committee (CSLC).
In October, the overall index of new orders in the steel sector in Hebei Province fell to 46.1 percent, down 3.9 percentage points from the previous month.
In October, the index of production in the steel sector of Hebei province increased by 7.3 percentage points to 47.6 percent.
In the given month, the index of new export orders for Hebei, the steel sector of the province decreased by 12.5 percentage points month-on-month to 42.5 percent.
At the same time, the index of finished steel stocks in Hebei Province increased by 1.3 percentage points month-on-month to 50.0 percent.
In October, the index of raw materials stocks in Hebei Province was 45.1 percent, down 3.7 percentage points month-on-month. month.
The index of selling prices for finished steel in October was 32.9 percent, which is 6.1 percentage points lower than in the previous month.
In October, the index of purchase prices for raw materials amounted to 67.1 percent, which is 3.7 percentage points higher than in September this year.
Steel prices in Hebei Province are likely to rise first and fall later. In November, as the weather gets colder and colder, this will lead to lower demand for steel and negatively affect prices.
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