In November this year, the purchasing managers index (PMI) for the Chinese steel sector was at 45.2 percent, down 6.9 percentage points as compared to October, as announced by the China Steel Logistics Committee (CSLC), which is part of the China Federation of Logistics and Purchasing (CFLP).
In addition, in November the production index for the steel sector decreased by 8.1 percentage points compared to the previous month to 47.6 percent. Meanwhile, in November the sub-index for new orders in the steel sector saw a drop of 16.9 percentage points month on month to 35.4 percent.
In the given month, the finished steel inventory index increased to 58.8 percent, up 16.5 percentage points month on month, the index for new export orders saw a month-on-month decrease of 4.1 percentage points to 43.2 percent, while the purchase price index of raw materials in the Chinese steel sector stood at 47.6 percent, indicating a decline of 17.6 percentage points month on month.