China’s HRC, CRC prices edge down by RMB 20/t ($3/t)

China’s HRC and CRC prices edged down by RMB 20/t ($3/t) d-o-d on 21 Sep’22. Current offers-

• HRC (4.5-12mm, Q235 B): RMB 3,910/t ($555/t)
• CRC (1-1.2mm, Q195-215A): RMB 4,305/t ($611/t)
• Prices are exw-Tianjin basis, inclusive of 13% VAT.

SHFE HRC futures for Jan’23 delivery settled today at RMB 3,697/t ($525/t) today, down by RMB 37/t ($5/t) on d-o-d basis.