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Hebei's steel PMI falls to tightening zone in Oct .

Gangya Metal701 people have read

Nevertheless, the October outcome was still 0.7 basis point greater than that for the national steel PMI, which also reduced by 2.3 basis points on month to 44.3, as Mysteel Global reported. Last month, the sub-index for brand-new orders among Hebei's steel mills continued declining to 41.7, down by a large 11.9 basis points from September, mainly because of slow mood and dull.

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The Purchasing Managers' Index (PMI) for the steel industry in North China's Hebei province, the country's top steel production base, declined by 5.7 basis points on month to 45 in October, according to the release by Hebei Metallurgical Industry Ass...

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