China’s HRC prices increase d-o-d by RMB 50/t ($7/t)

China’s HRC prices increased by RMB 50/t ($7/t), while CRC prices remained stable d-o-d on 22 Sept’22. Current offers-

• HRC (4.5-12mm, Q235 B): RMB 3,960/t ($560/t)
• CRC (1-1.2mm, Q195-215A): RMB 4,305/t ($609/t)
• Prices are exw-Tianjin basis, inclusive of 13% VAT.

SHFE HRC futures for Jan’23 delivery settled today at RMB 3,767/t ($532/t), up by RMB 70/t ($10/t) on d-o-d basis.