According to the Professional Committee of Steel and Logistics of China, the PMI in China's steel industry was 51% in November, up 0.3% from a month ago. The indicator has been recovering for two consecutive months, reaching its highest level in five months since May of this year. The demand in the Chinese market as a whole continues to grow.
The PMI showed that the country's manufacturing capacity and environmental efforts are undergoing improvements. Meanwhile, inventories have also remained at a lower level, which keeps prices stable.
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