MONTHLY: China's construction steel prices seen under pressure in May

Construction steel prices in China will likely come under downward pressure this month, stemming primarily from weakening supply-demand fundamentals, according to Mysteel's latest monthly report on the sector.

Demand for construction longs will remain resilient during the first half of this month, supported by end-users such as building contractors restocking after the May Day holiday ended on May 5 and by comfortable weather conditions keeping construction sites open and working, the report suggests. These should underpin long