CSLPC: China's Nov steel PMI eases to 50.6

The Purchasing Managers' Index (PMI) for China's steel industry scored 50.6 in November, down from 54.6 for October though still in the expansion zone, the official index compiler CFLP Steel Logistics Professional Committee (CSLPC) said in its release on November 30.

CSLPC pointed out that last month, steel demand growth slowed down, that steel production decreased and that both prices of raw materials and finished steel products trended downwards. In November, the sub-index of new steel orders stood at 50.5, down from 55.5 in the prior month. Although the traditional peak