Chinese steel firms expect new domestic orders to remain subdued in January although prices may improve for both long and flat steel products, said global commodity data provider Platts.
Platts’ China Steel Sentiment Index for January edged up 1.62 points from December to 24.45 out of a possible 100 points. January’s reading was the fourth straight month it has stayed below the 50 level.
A reading above 50 signals growth and one below 50 means a contraction.
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