Chinese export prices of commercial grade hot-rolled coils (HRC) continued rising during the week of April 22-26, while overseas inquires for China-origin hot coils were sparse, Mysteel's weekly market roundup shows.

China's Purchasing Managers' Index (PMI) for the steel industry rebounded to 47.9 in April, marking a 3.7 percentage point increase from March, the official index compiler - CFLP Steel Logistics Professional Committee (CSLPC) - said in its release on April 30.

The sales of heavy-duty LNG trucks in China maintained a high growth of 135% in the first quarter of 2024 due to attractive LNG prices. This is expected to drive up China's LNG consumption by more than 6 million tonnes in 2024, and the growth rate may return back to