Purchasing Managers' Index Increases To 44.2% In March
News: China's Purchasing Managers' Index for the domestic steel industry increased by 4.3% month-on-month (m-o-m) to 44.2% in March 2014, according to China Steel Logistics Committee. The production index for the steel sector indicated 4.5% m-o-m increase to 39.7%, while the raw material inventory index decreased to 40.8%. The committee reported a decrease in finished steel inventory index to 53.2%, down 10.1% m-o-m, while the index for new export orders was at 48.6%, down 3.7% m-o-m. The Chinese steel sector's purchase price index stood at 28.8%, down 2.7% m-o-m in March 2014.