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<< Back PMI of steel sector kept going up to 54.1% in June in China.

The Purchase Management Index (PMI) of steel sector kept going up to 54.1% in June, a slight drop of 0.7 ppt from last month, according to the data released by the China Federation of Logistics and Purchasing. The sub-index of new orders dropped by 2.1% from recent highs, leading primarily to the downturn in the PMI. Sub-indexes of production and new export orders recovered slightly while finished product stock index witnessed a small decline, indicating that steel output of domestic mills has accelerated. Despite of the shrinking demand affected by seasonal factors, there was no significant backlog of inventories and the balance between production and marketing was kept normal for mills.

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