In November this year, the purchasing managers index (PMI) for the Chinese steel sector was at 53.1 percent, up 0.8 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 11.8 percentage points compared to the previous month to 46.5 percent. Meanwhile, in November the sub-index for new orders in the steel sector saw an increase of 9.5 percentage points month on month to 65.4 percent.
In the given month, the finished steel inventory index decreased to 40.4 percent, down 7.1 percentage points month on month, the index for new export orders saw a month-on-month decrease of 5.5 percentage points to 41.7 percent, while the purchase price index of raw materials in the Chinese steel sector stood at 56.7 percent, indicating a rise of 12.6 percentage points month on month.