Highlights China’s manufacturing activity further contracts in April Overseas demand for Chinese manufactured goods shrinks More easing expected in infrastructure, property sectors Steel demand from China’s manufacturing sector is expected to remain in a contraction in May despite some recovery expected end-April, as shrinking overseas demand for Chinese manufactured goods compounds problems for the country’s steel sector, industry sources said. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now China’s manufacturing industry purchasing manager index (PMI) contracted for the second straight month in April because of a COVID-19 resurgence in the country. China’s new COVID-19 cases have been steadily declining since reaching a peak on April 28. Logistics and manufacturing activity have gradually recovered in some of the COVID affected regions. However, Shanghai and Beijing, as well as cities in at least 11 provinces were still facing some sort of lockdown or social restrictions […]