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[November 2025 Steel PMI Shows Slowing Industry Operations and Emerging Off-Season Characteristics] According to the steel industry PMI surveyed and released by the China Federation of Logistics & Purchasing (CFLP) Steel Logistics Professional Commit

2025-11-30

[November 2025 Steel PMI Shows Slowing Industry Operations and Emerging Off-Season Characteristics] According to the steel industry PMI surveyed and released by the China Federation of Logistics & Purchasing (CFLP) Steel Logistics Professional Committee, the PMI for November 2025 was 48%, a decrease of 1.2 percentage points month-on-month, indicating a slowdown in industry operations. Changes in sub-indices show that steel demand has slightly recovered, but steel mill production has slowed, product inventories have been digested, raw material prices remain high, and steel prices fluctuate slightly. Overall, the off-season characteristics of the industry are gradually emerging. It is expected that in December, steel demand may remain stable with a slight decline, steel mill production will moderately contract, raw material prices will fall from their high levels, and steel prices will fluctuate and stabilize.

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