CSLPC: Recovery after CNY break lifts China's steel PMI in March

China's Purchasing Managers' Index (PMI) for the steel industry saw a huge recovery from February this month to reach 50.6, according to the latest release from index compiler CFLP Steel Logistics Professional Committee (CSLPC) published on March 31.

The figure for March was 3.9 points up on the February result and finally pointed to expansion after lingering in the contraction zone below 50 for the first time in seven months, the committee pointed out in the release. The rise was mainly due to the recovery in both