CSLPC: China's steel PMI rebounds to 49.2 in October

China's Purchasing Managers' Index (PMI) for the steel industry registered 49.2 in October, according to the latest release from the CFLP Steel Logistics Professional Committee (CSLPC) published on October 31.

This marked an improvement from September's 47.7 reading and signalled a recovering steel sector in October with rebounding steel demand, steady steel production and stable steelmaking raw material procurement, CSLPC said. However, though the increase ended the declines seen in the previous two months, the result was still below