05
Aug
01:00
South Africa metals 'dire' despite on-year PMI improvement says Seifsa
The seasonally-adjusted South African Barclays purchasing managers’ index (PMI) registered improvement of 11.3% on-year in July, while versus June it was unchanged.
The confidence measured by the PMI is, however, “… heavily distorted by the base effects of the instability in the South African economy, spilling over from the labour unrest in the mining and metals and engineering sectors in 2014". So says the Steel and Engineering Indus…
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Anonymous
Very good overview of the weekly steel market.
Anonymous