China: HRCs, CRCs prices stable for the fourth straight day

China’s domestic HRCs and CRCs prices remained unchanged for the fourth successive day today despite an uptick in futures. Current offers-

• HRC (4.5-12mm, Q235 B): RMB 4,100/t ($604/t)
• CRC (1-1.2mm, Q195-215A): RMB 4,550/t ($671/t)
• Prices are exw-Tianjin, including 13% VAT.

SHFE HRC futures for May’23 delivery settled today at RMB 4,213/t ($621/t), up by RMB 26/t ($4/t) d-o-d.