Hot-rolled coil prices in China's domestic market cruised higher on Monday May 31, with the futures market extending its rally.
Domestic
Eastern China (Shanghai): 5,500-5,600 yuan ($864-880) per tonne, up by 100 yuan per tonne.
The most-traded HRC October contract on the Shanghai Futures Exchange hit a high of 5,535 yuan per tonne on Monday morning, extending its rally from late last week.
While spot prices strengthened, trading across China's eastern...