MONTHLY: Fundamentals to drive China's construction steel mart in August

China's construction steel market is expected to shift from sentiment-fuelled gains to a more fundamentals-based trajectory in August, as the sector's recent optimism fades and supply-demand dynamics return to the spotlight, according to Mysteel's latest monthly report.

While renewed macro support from the central government could still trigger short-term price rebounds this month, a broadly rangebound trend appears more likely in the absence of any significant demand recovery, the report noted. Construction steel prices in July were supported by bullish policy expectations, a stronger demand outlook following