Publicado: Nov 30, 2023 11:37
"[China's steel industry PMI in November was 48.2%, up 2.6 percentage points from the previous month] The Professional Committee of Steel and Iron Logistics of China Federation of Logistics and Purchasing released the PMI data for the steel industry on November 30th. The PMI for the steel industry in November 2023 was 48.2%, an increase of 2.6 percentage points from the previous month, ending the trend of running around 45% for three consecutive months, indicating a short-term stabilization in the operation of the steel industry. Changes in the sub-indices indicate a slight rebound in market demand. Steel production has also rebounded, raw material prices have risen again, and steel prices have fluctuated upward. It is expected that in December, as the weather gets colder, demand will shrink, raw material prices will fluctuate downward, and steel prices will fall from their high levels, leading to a further decline in steel production."

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"[China's steel industry PMI in November was 48.2%, up 2.6 percentage - Shanghai Metals Market (SMM)