25
Jul
01:00
Chinese manufacturing contracts sharply in July
China’s manufacturing sector saw a sharp fall in output in July, pushing the Caixin China manufacturing purchasing managers’ index (PMI) to a new 15-month low. The decline in manufacturing demand in July has taken its toll on coil prices, and bodes ill for all prices in the short term, Kallanish notes.
The Caixin flash PMI for July dropped to 48.2, from a final reading of 49.4 in June. The biggest move was in manufacturing output, which saw its i…
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Anonymous
Very good overview of the weekly steel market.
Anonymous