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ECONOMICS COMMENTARY
Jan 22, 2013
Steel-user PMI data as a leading indicator of steel production
An insight into future steel production can be gleaned from surveys of how busy steel-using companies are, looking at their production, order book and warehouse inventory trends. In this respect, PMI data from Markit's worldwide surveys of steel-intensive manufacturers act as a useful leading indicator of steel production, available up to six months before comparable data from other sources for the US, Europe and Asia.
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