MYSTEEL: China's mills must lift their game as construction cools

Chinese steelmakers should actively optimize their product structure and target end-users in sectors with rising potential, as the country's real estate sector remains in a period of deep adjustment, and steel demand from this sector is gradually diminishing, according to Mysteel's report released on June 18.

The central government's many adjustment measures to recover the real estate sector – such as easing purchase restrictions, reducing interest rates and absorbing existing housing inventory – have helped slow the decrease in property sales, the report notes. Nevertheless, the policy impact on investment and construction activities remains limited,