China: HRCs prices drop marginally by up to RMB 10/t ($1/t) d-o-d

China’s domestic HRCs prices dropped marginally by RMB 10/t ($1/t) d-o-d while CRCs prices were stable today. Current offers-

• HRC (4.5-12mm, Q235 B): RMB 4,100/t ($609/t)
• CRC (1-1.2mm, Q195-215A): RMB 4,550/t ($676/t)
• Prices are exw-Tianjin, including 13% VAT.

SHFE HRC futures for May’23 delivery settled today at RMB 4,147/t ($616/t), down by RMB 46/t ($7/t) d-o-d.