China’s domestic HRC, CRC prices rise by up to RMB 60/t ($9/t)

China’s HRC prices rose by RMB 60/t ($9/t) and CRC prices by RMB 50/t ($7/t) on 8 Aug’22. According to SteelMint data, SHFE HRC futures for Oct’22 delivery settled today at RMB 4,066/t ($601/t), up by RMB 76/t ($11/t) from the previous closing on 5 August. Current prices-

• HRC (4.5-12mm, Q235 B): RMB 4,050/t ($599/t)
• CRC (1-1.2mm, Q195-215A): RMB 4,555/t ($674/t)
• Prices are exw-Tianjin basis, inclusive of 13% VAT.