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CSLPC: China's Oct steel PMI turns around down to 44.3

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For November, steel need might inch down and also manufacturing might have some room for development, while residential steel costs may decrease marginally, provided the proceeding imbalance between supply and need, the board observed. In October, the sub-index of new steel orders consisting of domestic sales and also exports decreased by 1.9 percentage factors

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Sophia

After rising for the two previous months, China's Purchasing Managers' Index (PMI) for its steel industry declined in October, dipping by 2.3 percentage points on month to 44.3, according to the latest release from the official index compiler, CFLP S...

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