【Stainless Steel PMI Declines 0.37 Percentage Points to 49.84% in June, Reflecting a Slight Decline in Manufacturing Prosperity Level Compared with May】In June, China's manufacturing PMI stood at 49.5%, remaining unchanged from May, indicating a relatively stable overall prosperity level, but still below the boom-bust line. Among them, the production index was 50.6%, and the production indices of metal products, railways, ships, and aerospace industries still exceeded 50%, indicating that downstream industries such as stainless steel still maintain a certain demand. The new order index was 49.5%, in line with the current situation of weakening stainless steel demand. According to SMM data, the stainless steel PMI in June was...