In November this year, the purchasing managers' index (PMI) of the steel sector in China’s Hebei Province rose to 44.2 percent, down 6.5 percentage points month on month, as announced by the Hebei Province Metallurgical Industry Association.
In November, the overall new order index for Hebei Province’s steel sector stood at 36.5 percent, down 17.3 percentage points compared to the previous month. Meanwhile, the new export order index for the sector was at 39.3 percent, decreasing by 10.7 percentage points month on month. In the given month, the production index for Hebei Province’s steel sector was at 46.3 percent, down 2.1 percentage points month on month, while the inventory index for finished steel in Hebei Province increased to 55.6 percent, up by 18.6 percentage points month on month. In addition, the raw material inventory index for the steel sector in Hebei decreased to 42.6 percent, down 3.7 percentage points month on month.