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

China’s domestic demand for construction steel is likely to remain low for the rest of 2022, market participants told S&P 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 so far in 2022…