MONTHLY: China's construction steel market to fluctuate in Sept

China's construction steel market is expected to dip initially this month before gradually improving later, as short-term pressures from supply and costs interact with expectations for a demand recovery and a contraction in production, according to Mysteel's latest monthly report.

Supportive macroeconomic policies from the central government, plus the prospect of interest rate reductions, may provide some improvement in market sentiment this month, the report notes, but underlying demand remains fragile due to the property sector's persistent weakness, it warns. Despite shrinking margins, construction steel output across China is expected