Chinese Mills Brace for Tough H2 Amid Insufficient Consumption
As steel prices struggle and demand declines, Chinese mills look toward what they feel will be a challenging rest of the year.
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As steel prices struggle and demand declines, Chinese mills look toward what they feel will be a challenging rest of the year.
China's major steelmakers are bracing for a difficult second half of the year due to insufficient consumption and falling steel prices, which may have a global impact.
The Australian share market has trended down in morning trading, weighed by losses in the finance sector.
SHANGHAI, Jul 4 (SMM) – China's official manufacturing PMI data for June was 49.0%, an increase of 0.2 percentage points from May, and it was in the contraction territory for three consecutive months.
Asia's factory activity slumped in June, business surveys showed on Monday, as sluggish demand in China and advanced nations clouded the outlook for the region's exporters. While...