China's domestic prices for hot-rolled coil increased on Monday July 26 due to early-hour futures gains, but the export market was inactive due to participants' concern about a possible export duty.
Domestic
Eastern China (Shanghai): 5,900-5,910 yuan ($910-911) per tonne, narrowing upward by 40 yuan per tonne
Some sellers raised prices following strong futures in the morning.
The most-traded October HRC contract at the Shanghai Futures Exchange reached 6,068 yuan per tonne in the morning, up by 100 yuan per tonne from last Friday's closing price.
Transactions...