China: HRC prices rise by RMB 10/t ($1/t) d-o-d

China’s domestic HRC prices rose by RMB 10/t ($1/t), while CRC prices remained stable d-o-d today. Current offers:

• HRC (4.5-12mm, Q235 B): RMB 4,080/t ($595/t)
• CRC (1-1.2mm, Q195-215A): RMB 4,490/t ($654/t)
• Prices are exw-Tianjin, including 13% VAT.

SHFE HRC futures for May’23 delivery settled today at RMB 4,132/t ($602/t), up RMB 76/t ($11/t) d-o-d.