MONTHLY: Rising supply to weigh on China's HRC market in June

After a volatile May in which domestic prices of hot rolled coils (HRC) enjoyed a brief uptick before ending the month at a 13-month low, June will likely see prices decline further but at a more sedate pace, Mysteel's latest monthly report on the commodity suggests, with supply-side growth becoming a more obvious worrying factor.

Although the de-escalation of trade tensions between China and the U.S. in mid-May had given a lift to sentiment in China's steel market, weakened end-user demand for steel products as summer was approaching eventually impacted the market for hot coils last month, the report observed. By May 30, China's spot price