China’s manufacturing steel demand rebounded in August and is expected to improve further in September and October on higher seasonal manufacturing activity, but market sources told S&P Global Commodity Insights that overall volume requirements are likely to remain modest amid a weak property sector and low household consumption. Evidence of this was also seen in August, when volumes were the third lowest so far in the year despite seeing a month-on-month growth. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now China’s manufacturing production index of steel consumption produced by S&P Global Commodity Insights stood at 107 points in August, 7 points higher both on the month and on the year. However, the index was still lower than 110 points in May and 118 in June , when China started recovering from widespread lockdowns and industrial stoppages caused by a resurgence in COVID-19. The […]