China’s steel market sentiment sinks
Feb 20, 2014 | 02:54 PM
SHANGHAI Sentiment weakened in Chinas steel market after activity in the countrys manufacturing sector dropped to its lowest level in seven months, according to preliminary data released Feb. 20 by HSBC Holdings Plcs China purchasing managers index (PMI).
The banks flash PMI for February stood at 48.3 points, down from a final reading of 49.5 points in January. A reading below 50 points indicates a contraction in manufacturing activity. ....
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