China's steel purchasing managers' index (PMI) rose in March, returning to expansion territory due to an increase in steelmaking activity last month.
The index rose 1.1 points from February to 50.6 points, according to data released by the China Federation of Logistics & Purchasing (CFLP) last Saturday March 31.The sub-index for steel production jumped by 5.2 points to 50.6 points, with production limits in northern China being lifted from...