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China's steel purchasing managers' index (PMI) in March rose 1.1 from February and stood at 50.6, according to data from China Federation of Logistics & Purchasing. A reading above 50 signals an expansion.

It is expected that steel prices to rebound in April given a bullish market. Steel inventories have shrunk since late-March with the pickup in downstream demand recovery.

Steel PMI for March stood at 50.83 after seasonal adjustments, up 12.58 on the month and 9.59 on the year. 

Source: from internet 

• [Editor:Wang Linyan]