23
Sep
11:34
Chinese manufacturing just gets worse
China manufacturing sector slowed at the fastest pace since March 2009 according to the flash reading of the Caixin China manufacturing purchasing managers’ index (PMI) for September. The indicator suggests continued weakness in steel demand, especially for flat products, Kallanish notes.
The preliminary PMI came in at 47 this month, down from 47.3 in August. Almost all important indicators show a faster decline than in August suggesting little hope for a …
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Anonymous
Very good overview of the weekly steel market.
Anonymous