China’s domestic HRC prices edge down by RMB 10/t ($1/t) d-o-d

China’s HRC prices edged down by RMB 10/t ($1/t) while CRC prices remained stable d-o-d on 21 July. According to SteelMint data, SHFE HRC futures for Oct’22 delivery settled today at RMB 3,796/t ($561/t), slightly up by RMB 6/t d-o-d. Current prices-

• HRC (4.5-12mm, Q235 B): RMB 3,770/t ($557/t)
• CRC (1-1.2mm, Q195-215A): RMB 4,245/t ($627/t)
• Prices are exw-Tianjin basis, inclusive of 13% VAT.