CSLPC: China's steel PMI back to expansion zone in Feb

In February, China's Purchasing Managers' Index (PMI) for the steel industry increased for the third straight month by another 3.5 percentage points on month to 50.1, back to the expansion zone for the first time since June 2020, according to the latest release from the CFLP Steel Logistics Professional Committee (CSLPC) on Wednesday.

Domestic steel demand gradually recovered during February, steel output grew further, raw materials prices rose to high levels, and finished steel prices also moved up in fluctuation, the committee said. As for March, "steel demand may continue to grow, steel production will be modestly volatile, raw materials prices may hover