MYSTEEL: China's construction steel buying to fall in December

China's construction steel demand is expected to drop this month due to the seasonal slowdown, according to the findings of Mysteel's latest monthly survey. The decelerated construction progress for ongoing projects, coupled with fewer new projects at year-end, may also dampen steel demand, the survey report warns.

The prediction is based on the actual volumes of construction steel products bought by domestic end-users in November and their purchase plans for these products this month. Mysteel's regular tracking of over 200 domestic construction enterprises showed that they purchased a total of 5.98 million tonnes of steel products in