03
May
21:14
UK manufacturing slumps in April
In news that will not come as a surprise to anyone concerned with the domestic steel sector, UK manufacturing economic indicators slumped in April. The Markit/Chartered Institute of Purchasing and Supply (CIPS) purchasing managers index (PMI) fell below 50 for the first time in 3 years, Kallanish notes.
April saw the seasonally adjusted Markit/CIPS PMI fall below the critical no-change mark of 50.0 for the first time since March 2013. At 49.2, from a downwa…
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Anonymous
Very good overview of the weekly steel market.
Anonymous