China’s domestic HRC and CRC prices remained stable d-o-d today. Current offers-
- HRC (4.5-12mm, Q235 B): RMB 3,650/t ($503/t)
- CRC (1-1.2mm, Q195-215A): RMB 4,195/t ($578/t)
- Prices are exw-Tianjin, including 13% VAT.
SHFE HRC futures for Jan’23 delivery settled today at RMB 3,621/t ($499/t), down by RMB 14/t ($2/t) d-o-d.
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