01
Aug
01:00
China manufacturing high not as strong as hoped
The HSBC China manufacturing purchasing managers' index (PMI) came in at 51.7 in July, slightly down from a preliminary reading of 52. Nevertheless, the figure was still at an 18-month high and up from 50.7 in June, Kallanish notes.
Meanwhile, China's official PMI also increased to 51.7 in July, up from 51 in June, reaching the highest level since April 2012. New orders were at a 26 month high of 53.6, while export orders also increased slightly to 5…
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Anonymous
Very good overview of the weekly steel market.
Anonymous