In November of this year, the Purchasing Managers' Index (PMI) for China's steel industry was 48.0 percent, down 1.2 percentage points from October of this year, as announced by the China Steel Logistics Committee (CSLC), which is part of the Chinese Federation of Logistics and Procurement (CFLP).
. The new orders index was 48.9 percent, up 1.3 percentage points from October.
The tightening global trade environment had a negative impact on the index of new export orders, which showed a decline, falling below 50 percent in November after 54.3 percent recorded in October this year.
In November, the production index in China's steel sector was 46.0 percent. 3.8 percentage points lower than in October.
In November, the index of stocks of finished steel was 49.1 percent, which is 2.6 percentage points lower than in October.
In November, the raw materials purchase index was 46.3 percent, which is 2.5 percentage points lower than in October.
Steel demand may decrease in December due to the traditional off-season, and environmental protection measures during the winter heating season in northern China may also affect the steel market. It is assumed that the prices of finished steel in China are likely to decrease in December.
