24
Jun
01:00
Chinas manufacturing creeps towards stabilisation
China’s manufacturing sector continues to show signs of bottoming out but the outlook for any immediate recovery remains bleak, Kallanish notes. The HSBC Markit China flash manufacturing purchasing managers’ index (PMI) for June recovered further from May but continues to show contraction.
With a preliminary reading of 49.6 in June the PMI has seen a marked jump from a final reading of 49.2 in May. At under 50 this continues to highligh…
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Anonymous
Very good overview of the weekly steel market.
Anonymous