China’s steel PMI dips in June, but remains in expansion territory

China’s steel purchasing managers’ index (PMI) slipped from a twelve-month high in June, though it continued to indicate that the sector had yet to lose its steam.

The index fell 0.7 point in comparison with that for May to 54.1 points for June, according to data released by the China Federation of Logistics & Purchasing (CFLP) on Friday June 30.
According to the federation, the retreat was mainly due to a dip in the sub-index for new orders, which is down 2.1 points, at 58.4 points.

Producers received fewer new orders in June...

Published

Gladdy Chu

June 30, 2017

06:45 GMT

Shanghai