MONTHLY: China's construction steel prices to waver in Nov

Chinese prices of construction steel including rebar and wire rod will likely fluctuate in November amid a tug-of-war between positive expectations about the macroeconomy and weak steel-market fundamentals, Mysteel predicts in its latest monthly report.

The supply-demand pressure for domestic construction steel products may increase overall this month, with high output clashing against moderate-to-low demand, the report suggests. However, construction steel prices may see a rebound at some point during the month, driven by news about macroeconomic policies, it notes. In October, domestic prices of