In November, the steel PMI showed that the growth rate at both ends of supply and demand slowed down, and the industry as a whole increased slightly

Golden Ten Futures, November 30th, according to the PMI of the steel industry surveyed and released by the China Internet of Things Steel Logistics Professional Committee, it was 50.6% in November 2024, down 4 percentage points from the previous month, ending two consecutive months of upward trend. However, the index remains in the expansion range, indicating that after the peak season, the growth rate of the steel industry has slowed down, but it still maintained an overall stable and slightly increasing trend on the basis of the previous month. The sub-index changes show that the growth rate of demand in the steel market has declined, the growth rate of steel mills has slowed down at a high level, the overall price of raw materials has fallen, and the price of steel has fluctuated downward. It is expected that in December, market demand will tend to contract, steel production will slow down, raw material prices will continue to decline, and steel prices will fluctuate at a low