MONTHLY: China's construction steel prices to stay rangebound in April

Construction steel prices in China may fluctuate slightly this month, mainly from the shift in long steel inventory levels and firming production costs, according to Mysteel's latest monthly report on the sector. Prices this month, like those in March, will generally mark time overall, the report suggests.

During the first half of this month, the pace of recovery in end-user sectors such as infrastructure and real estate development may be slowed by seasonal rains, weighing on long steel prices. On the other hand, better weather conditions for outdoor construction predicted for the latter half of the month would drive up demand again, easing inventory pressure and