24
Mar
00:00
Chinese manufacturing softening, slowing steel demand
The preliminary reading of the HSBC manufacturing purchasing managers’ index (PMI) in China signalled a possible contraction for March after a brief rebound in February. Steel demand from manufacturing is continuing to struggle as many other industries are seeing a decline in output, sources tell Kallanish.
The preliminary index came in at 49.2, down from 50.7 in February. The figure for output fell again but continued to indicate a slight expansion at…
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Anonymous
Very good overview of the weekly steel market.
Anonymous