In September this year, the purchasing managers index (PMI) for the Chinese steel sector was at 49.5 percent, down 0.6 percentage point as compared to August, as announced by the China Steel Logistics Committee (CSLC), which is part of the China Federation of Logistics and Purchasing (CFLP).
In addition, in September the production index for the steel sector decreased by 0.3 percentage points compared to the previous month to 50.2 percent. Meanwhile, in September the sub-index for new orders saw a decrease of 2.9 percentage points month on month to 49.2 percent.
In the given month, the finished steel inventory index increased to 52.5 percent, up 2.9 percentage points month on month, the index for new export orders saw a month-on-month decrease of 7.2 percentage points to 49.8 percent, while the purchase price index in the Chinese steel sector stood at 56.6 percent, indicating a decrease of 4.8 percentage points month on month.