In June this year, the purchasing managers' index (PMI) of the steel sector in China’s Hebei Province decreased to 41.2 percent, down 3.4 percentage points month on month, as announced by the Hebei Province Metallurgical Industry Association.
In June of the current year, the overall new order index for Hebei Province's steel sector stood at 38.2 percent, down 4.8 percentage points compared to the previous month. Meanwhile, the new export order index for the sector was at 46.2 percent, decreasing by 12.2 percentage points month on month. In the given month, the production index for Hebei Province’s steel sector was at 38.9 percent, declining by 8.5 percentage points month on month. In June, the inventory index for finished steel in Hebei Province decreased to 48.5 percent, down 0.1 percentage points month on month. In addition, the raw material inventory index in Hebei Province declined to 38.6 percent, down 3.5 percentage points month on month.