China’s HRC prices drop by RMB 20/t ($3/t)

China’s domestic HRC prices dropped by RMB 20/t ($3/t), while CRC prices remained stable d-o-d today. Current offers-

• HRC (4.5-12mm, Q235 B): RMB 3,630/t ($500/t)
• CRC (1-1.2mm, Q195-215A): RMB 4,145/t ($571/t)
• Prices are exw-Tianjin, including 13% VAT.

SHFE HRC futures for Jan’23 delivery settled today at RMB 3,507/t ($483/t), up by RMB 13/t ($2/t) d-o-d.