MYSTEEL: Little spark seen in China's construction steel prices in H2

China's construction steel prices are expected to fluctuate at low levels during the second half of 2025, possibly with intermittent rebounds, according to Mysteel's latest forecast on the sector. Mysteel's absolute price index for rebar may average around Yuan 3,150/tonne ($440/t) this half, mostly ranging between Yuan 3,000-3,300/t, the report suggests.

The country's construction steel market is likely to see prices trend downward initially before rising as the half progresses, with a higher probability of a rebound emerging in late Q3. However, the extent and sustainability of any recovery will depend largely on how effectively macro policies for the real