MYSTEEL: China's Oct construction steel prices to rise

Source: Mysteel Oct 12, 2022 17:00

China's prices of construction steel may continue to rally this month as demand appears robust, Mysteel predicts in its monthly market outlook report. Autumn is generally a peak season for steel consumption in China.

Construction steel prices will show more resilience this month as mills' production costs remain high, the report stated, noting that steelmakers are hesitating about ramping up output due to their thinning steel margins, at a time when their inventories appear low. With steel mills steadily resuming production in September, output