NDRC: September to see China's steel prices soften

China's steel prices are expected to come under pressure in September and cancel out last month's gains, mainly because supply remains loose. This is according to the most recent survey of the steel sector's health conducted by the National Development and Reform Commission (NDRC), which covered major wholesale steel markets in South China, Shanghai, and Tianjin.

The NDRC says that domestic steel prices should weaken modestly this month, following its latest survey which showed a softening in market sentiment compared to August. The survey assessed six key indices, with the Sales Price Expectation Index falling back below the 50% threshold to stand at 48.9% and marking