MYSTEEL: China's construction steel buying to slump in Feb

China's demand for construction steel is likely to fall significantly this month, as most construction activity will come to a standstill due to the extended Chinese New Year holiday over February 15-23, according to the findings of Mysteel's latest monthly survey.

The prediction is based on the actual volumes of construction steel products bought by domestic end-users in January and their purchase plans for these products this month. Mysteel's regular tracking of over 200 domestic construction enterprises showed that their total procurement volume of steel products registered 5.94 million tonnes in