End six months of decline! PMI of iron and steel rose 4.1% month on month in November

In November, the steel industry PMI was 45.4%, up 4.1 percentage points from the previous month, ending the six-month decline. The sub index shows that market demand picked up this month, and the prices of steel products and raw materials rose to varying degrees. Under the dual influence of demand recovery and profit driven, the production of steel mills rose, and the purchase intention of steel enterprises was strong.

In November, the production of steel mills expanded, the demand for raw materials strengthened, and their prices rose accordingly. This month's raw material purchase price index was 46.4%, up 12.5 percentage points from the previous month. In terms of the increase, the increase of raw material price is less than that of steel price, and the profit space of steel enterprises has expanded.

Changes of purchase price index since 2016：