MYSTEEL: China's construction steel demand to recover slightly in August

China's demand for construction steel is expected to see a slight recovery in August, according to the findings of Mysteel's latest monthly survey. Respondents suggested the high temperatures some regions are experiencing may ease later this month, and the quicker pace of construction on some key infrastructure projects may also help the recovery in demand to some extent.

The prediction is based on the actual volumes of construction steel products bought by domestic end-users in July 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 registered 6.34 million tonnes during