China’s HRC prices edge up by RMB 20/t ($3/t) d-o-d

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

• HRC (4.5-12mm, Q235 B): RMB 3,840/t ($545/t)
• CRC (1-1.2mm, Q195-215A): RMB 4,270/t ($608/t)
• Prices are exw-Tianjin, including 13% VAT.

SHFE HRC futures for Jan’23 delivery settled today at RMB 3,918/t ($558/t), up by RMB 45/t ($6/t) d-o-d.