Construction Steel Prices May Fall in Late Feb

SHANGHAI, Feb 10 (SMM) - The recent slight increase in production of steel mills has boosted the demand for raw materials. The prices of steel scrap and iron ore have remained stable with moderate momentum, offering some support to iron ore prices. However, as the recovery of production is earlier than the demand, the social inventory is likely to accumulate. Therefore, steel prices are likely to fall in the second half of February.