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

China’s HRC and CRC prices have remained stable d-o-d on 26 Sept’22. Current offers-

• HRC (4.5-12mm, Q235 B): RMB 3,960/t ($553/t)
• CRC (1-1.2mm, Q195-215A): RMB 4,345/t ($607/t)
• Prices are exw-Tianjin basis, inclusive of 13% VAT.

SHFE HRC futures for Jan’23 delivery settled today at RMB 3,798/t ($531/t), down by RMB 22/t ($3/t) as against $3,820/t ($534/t) at closing on 23 Sept’22.