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

China's construction steel prices are expected to rise further this month, supported by low inventory levels as well as improving market sentiment, suggests Mysteel's latest monthly report on the sector. But faltering demand in the second half of the month may exert some downside pressure on the prices, the report also warns.

The domestic construction steel market gained some momentum in November, with prices firming on month. On November 28, Mysteel assessed China's national price of HRB400E 20mm dia rebar, a bellwether of the domestic long steel market sentiment, at Yuan 3,291/tonne ($466/t) including the 13% VAT. The increase of Yuan