China's construction steel demand likely to remain low for rest of 2022

摘要

China's domestic demand for construction steel is likely to remain low for the rest of 2022, market participants told SP Global commodity insights, with the key indicator of excavator sales declining for the fourth straight month in July. China's domestic excavator sales were down 24.9 year on year at 9,250 units in July, the second-lowest level until now, China Construction Machinery Association showed on August 11.