Tag: China: Hebei’s steel PMI falls to the contraction zone in Oct

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 Association on November 1. Notably, the index for October slipped to below the threshold of 50…