China - 2009 August 2
Benchmark Chinese steel prices jumped 10 percent in the past month, the biggest monthly rally in more than three years, as the government’s stimulus spending spurred demand. Prices of hot-rolled coil jumped to 4,180 yuan ($612) a metric ton today, the highest since Oct. 9, 2008, according to the Beijing Antaike Information Development Co. The 10 percent monthly gain is the most since March 2006.