China’s HRC, CRC prices remain stable d-o-d

China’s domestic HRC and CRC prices remained stable d-o-d on 7 Sept’22. According to SteelMint data, SHFE HRC futures for Jan’23 delivery settled today at RMB 3,771/t ($540/t), up by RMB 17/t ($3/t) on d-o-d basis. Current prices-

• HRC (4.5-12mm, Q235 B): RMB 3,950/t ($566/t)
• CRC (1-1.2mm, Q195-215A): RMB 4,355/t ($624/t)
• Prices are exw-Tianjin basis, inclusive of 13% VAT.