China: CRCs prices rise by up to RMB 100/t ($14/t) d-o-d

China’s domestic CRCs prices rose by RMB 100/t ($14/t) while HRCs prices rose by RMB 40/t ($6/t) d-o-d today. Current offers:

• CRCs (1-1.2mm, Q195-215A): RMB 4,460/t ($639/t)
• HRCs (4.5-12mm, Q235 B): RMB 4,040/t ($579/t)
• Prices are exw-Tianjin, including 13% VAT.

SHFE HRCs futures for Jan’23 delivery settled today at RMB 4,047/t ($580/t), up by RMB 41/t ($6/t) d-o-d.