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05 Feb
04:34

Chinese manufacturing growth slows in January

Chinese manufacturing purchasing managers’ indices (PMIs) fell slightly in January but continued to show improvement in the sector. Hot rolled coil prices have been weaker than rebar in last few weeks after being driven higher by strong manufacturing late last year, Kallanish notes. The official Chinese manufacturing PMI slowed just 0.1 point to 51.3, according to the National Bureau of Statistics (NBS). Both production levels and new orders saw growth slo…
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