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Metal Industry
China's May steel PMI recovers slightly to 40.9
Source: | Author:pmoba547c | Published time: 2022-06-01 | 1060 Views | Share:

China's Purchasing Managers' Index (PMI) for the domestic steel industry scored 40.9 in May, or having reversed up by 0.4 basis point on month from a three-month decline, with COVID-induced impact easing, while demand remained weak, finished steel prices down, steel production recovered, and steel inventories increased.