MYSTEEL: China's construction steel buying to gain slowly in May

China's demand for construction steel is expected to see a modest rise this month due to the impact of the May Day holiday over May 1-5 and the rainy season in southern China arriving later this month, 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 April and their purchase plans for these products this month. Mysteel's regular tracking of over 200 domestic construction enterprises showed that their total buying volume of steel products reached 6.41 million tonnes in