[Ferro-Alloys.com] China's steel sector is slowing down as market demand and business activities weakened in July.

The purchasing managers' index (PMI) for China's iron and steel industry came in at 47.9 for July, down 0.3 percentage points from June, according to the CFLP Steel Logistics Professional Committee.

China's steel output surged in the first half of the year, but higher material costs had weighed upon profit of the sector, according to the China Iron and Steel Industry Association (CISA).

China's crude steel output came in at 492 million metric tons in H1 2019, up 9.9 percent year-on-year, CISA data showed.

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• [Editor:kangmingfei]