China’s excavator sales rebound in Sept, but steel demand seen weak

China’s excavator sales rebounded in September from the previous month, but a sharp slowdown in property construction and COVID-19-related restrictions are expected to continue to drag on economic growth and steel demand. Excavator sales are a key indicator of construction activity in the country, a critical sector to gage steel demand. China’s domestic excavator sales in September reached 10,520 units,…