MONTHLY: China construction steel prices seen rangebound in April

China's construction steel prices, including rebar and wire rod, are likely to fluctuate in April, according to Mysteel's latest monthly report. The anticipated price movement is attributed to a slight increase in both demand and production, alongside influences from raw material costs and macroeconomic factors, the report notes.

In March, domestic construction steel prices weakened due to a slower-than-expected recovery in demand and declining production costs, including those of iron ore and coke. By March 31, the national price of HRB400E 20mm dia rebar - an indicator of domestic steel market conditions - was assessed by Mysteel