China: CRC prices fall by RMB 25/t (3/t)

China’s domestic CRC prices fell by RMB 25/t ($3/t) d-o-d while HRC prices remained unchanged today. Current offers-

• CRC (1-1.2mm, Q195-215A): RMB 4,240/t ($595/t)
• HRC (4.5-12mm, Q235 B): RMB 3,770/t ($529/t)
• Prices are exw-Tianjin, including 13% VAT.

SHFE HRC futures for Jan’23 delivery closed today at RMB 3,798/t ($533/t), up by RMB 21/t ($3/t) d-o-d.