date:May 10, 2013
only wait for a recovery.
The PPI decrease is in line with the weaker manufacturing Purchasing Managers' Index, which stood at 50.6 in April, down from 50.9 in March, showing a modest expansion in the industrial sector.
Baoshan Iron Steel, China's biggest steelmaker listed on the Shanghai Stock Exchange, said on Thursday it will cut its main steel product prices for June bookings, the first price fall after nine months, saying it is worried about future orders.
Wu Jile, manager of a steel pr