Chinese steel manufacturers expect an activation of the construction sector

Macquarie Commodities reported the prospects of the Chinese steel industry. Chinese steel manufacturers hope for more vivid opportunities that will bring the activation of the construction sector.

If you believe this monthly review of the situation as well as in the Chinese market in the world construction business, this month the growth of sales in the construction sector was recorded. This is the only activity over the past year. Developers report that the growth in sales of space is increasing. The construction industry will focus on this indicator. Both Chinese steel manufacturers and developers expect to improve the conjuncture of the Chinese steel market in the second half of the year.

Macquarie experts clarified that the profitability and volume of steel production of Chinese enterprises will increase. Since the situation was critical in June. The size of the metal reserves remained unchanged, despite the reduction of production.