CN steel PMI climbs in June, but outlook turning down

China's Purchasing Managers' Index (PMI) for the steel industry reversed up 1 basis point on month to 51.6 in June, making for the fourth straight month in the expansion zone, according to index compiler, CFLP Steel Logistics Professional Committee (CSLPC).

China’s Purchasing Managers’ Index (PMI) for the steel industry reversed up 1 basis point on month to 51.6 in June, making for the fourth straight month in the expansion zone, according to index compiler, CFLP Steel Logistics Professional Committee (CSLPC).Among the components of last month’s steel PMI, the sub-index