Steel futures in China rose for a third consecutive session on Monday, as stronger-than-expected factory activity readings for November boosted sentiment. China’s official Purchasing Managers’ Index (PMI) released on Saturday pointed to an unexpected improvement in its manufacturing sector in November, as demand picked up on Beijing’s stimulus measures. Another private business survey released on Monday also showed total new orders and factory production remained at buoyant levels last month, expanding at the quickest pace in almost three years. The most-active January contract for hot-rolled coil (HRC), which is ... (full story)