China’s domestic HRC prices fell by RMB 60/t ($8/t) and CRC prices by RMB 30/t ($4/t) today. SHFE HRC futures for Jan’23 delivery settled today at RMB 3,637/t ($507/t), down by RMB 12/t ($2/t) against closing on 21 Oct’22. Current offers:
- HRC (4.5-12mm, Q235 B): RMB 3,810/t ($531/t)
- CRC (1-1.2mm, Q195-215A): RMB 4,285/t ($597/t)
- Prices are exw-Tianjin, including 13% VAT.
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