MONTHLY: China's construction steel prices to rise slightly in Nov

China's construction steel prices are expected to rebound slightly in November, and the market focus may shift back to supply-demand fundamentals as macro stimulus eases, suggests Mysteel's latest monthly report on the sector.

The domestic construction steel market gained some upward strength in late October, with the prices showing a V-shaped trajectory in the month. By October 31, China's national price of HRB400E 20mm dia rebar, a bellwether of the domestic steel market sentiment, came in at Yuan 3,260/tonne ($457/t), including the