Tag: China: Construction steel inventory hits record high; May crude steel output dips y-o-y

Finished steel demand drops m-o-m in May Construction and realty sectors sluggish Q3 may show demand upturn but prices may be under pressure Morning Brief: China’s demand for construction had shown an uptrend from late May, driven by infrastructure investment. However, this week, construction steel market transactions have shrunk again, leading to inventory accumulation. At…