MYSTEEL: China's construction steel demand to recover slowly in April

China's demand for construction steel is expected to recover continuously during the traditional peak season for steel consumption in April, while the pace may be slower than the market has expected considering the risk aversion across various asset markets amid the ongoing tariff war between the world's two largest economies, according to Mysteel's latest monthly survey released on April 10.

The prediction was chiefly based on actual volumes of construction steel bought by domestic end-users in March and their purchase plans for this month. Mysteel's regular tracking of over 200 construction enterprises in China showed that they purchased a total of 5.14 million tonnes of construction steel products in March,