January 2012 | Steel Raw Materials
China PMI see recovery in December: Iron Metallics Highlights
China's expansionary policies will help the economy avoid a hard-landing.
Chinas manufacturing PMI value of 50.3 in December marks a recovery from the lowest value since March 2009 in November, when the index measured 49. Expansionary policies will help the economy avoid a hard-landing as will continued positive news from some export markets; although the European market remains subdued, the US continues to post exceed expectations. Domestic raw material prices are likely to remain flat in the...
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