China’s domestic HRC prices edged down by RMB 10/t ($1/t), while CRC prices remained flat d-o-d on 30 Sept’22. Current offers-
- HRC (4.5-12mm, Q235 B): RMB 3,970/t ($558/t)
- CRC (1-1.2mm, Q195-215A): RMB 4,355/t ($612/t)
- Prices are exw-Tianjin basis, inclusive of 13% VAT.
SHFE HRC futures for Jan’23 delivery settled today at RMB 3,863/t ($543/t), down by RMB 14/t ($2/t) on d-o-d basis.
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