China’s steel PMI falls to 7-year low

摘要

China’s steel sector purchasing manager’s index (PMI) fell to its lowest level in nearly seven years in November, reflecting increasing financial pressure on steel mills. The November PMI fell by 5.2 points from October to 37, according to the China Steel Logistics Professionals Committee. This is the lowest level since December 2008. The steel production sub-index fell by 7.7 points to 35.4 in November.