Highlights Manufacturing sector continues to recover in H1 2022 Concerns remain on overseas demand in H2 2022 The Chinese manufacturing purchasing managers index continued to rise in December at 50.3 points, with several steel market sources expecting China’s manufacturing activity to continue improving in the first half of 2022. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The PMI, published by the National Bureau of Statistics, rose in December from 50.1 points in November and 49.2 points in October. The uptrend is expected to continue as more proactive monetary and fiscal policies implemented from December would lend support to both consumption and construction-related manufacturing sectors in early 2022. Flat steel demand and prices, in tandem, are likely to gain upward momentum. The sub-indexes of manufacturing production in December retreated to 51.4 points, down from 52 points in November after rising from 48.4 in October. The […]