MONTHLY: China's construction steel prices seen rangebound in March

Construction steel prices in China may fluctuate slightly this month, primarily influenced by the shift in market fundamentals and policies announced during this week's 'Two Sessions' political meetings in Beijing, according to Mysteel's latest monthly report on the sector.

During the first half of this month, high post-Chinese New Year (CNY) inventory levels are anticipated to put pressure on long steel prices on the one hand, while on the other, the mounting stocks of long steel items are seen being reversed in the second half by recovering end-user