MONTHLY: China's construction steel market faces mounting pressure in October

China's construction steel market is expected to face mounting pressure this month as steel output rebounds and raw material costs ease, according to Mysteel's latest monthly report on the sector. Resilient seasonal demand may offer some support, however.

Inventories accumulated had moderately over the National Day holiday spanning October 1-7, when most market participants were away and spot trading activities remained subdued. However, demand may pick up before the arrival of colder weather in northern China curbs construction activity in this month's second half, the report noted. Despite