China: HRC, CRC prices remain stable d-o-d

China’s domestic HRC and CRC prices remained stable d-o-d today. Current offers-

• HRC (4.5-12mm, Q235 B): RMB 4,060/t ($590/t)
• CRC (1-1.2mm, Q195-215A): RMB 4,490/t ($652/t)
• Prices are exw-Tianjin, including 13% VAT.

HRC futures on the Shanghai Futures Exchange (SHFE) for May’23 delivery settled today at RMB 4,080/t ($593/t), unchanged d-o-d.