CHINA STEEL WRAP: Prices weak despite higher April PMI

May 02, 2012 | 04:23 AM |

A rise in China’s purchasing managers’ index (PMI) failed to give the country’s spot steel prices a boost on Wednesday May 2, the first working day after the May Day holidays. Prices were either flat or lower in major steel markets, as steelmakers continued to cut ex-works prices.....

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