Chinese hot-rolled coil (HRC) prices rose last week, yet buyers did not show much interest. Clients in both local and international markets preferred to observe the situation at the moment, and generally, there weren't many deals closed. 

In the past week, although the stable market from Monday to Wednesday even made some of the participants feel bored, from Thursday, a Chinese policy rumor about restarting the renovation of the shantytown spread all over the market and animated industry insiders. As a result, both futures prices and spot prices of hot-rolled products continued to rise till Friday.

However, market participants are questioning the current price increase, believing it lacks fundamental support and doubting its sustainability, which indicates that a wait-and-see sentiment will likely persist in the market in the short term.