MYSTEEL: China's construction steel demand to remain weak in July

China's demand for construction steel is expected to remain weak this month, as building industry activity is seen slowing due to the impact of nationwide high temperatures and frequent rains, 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 June 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 6.47 million tonnes last