China: HRCs prices fall by RMB 70/t ($10/t) d-o-d

China’s domestic HRCs prices fell by RMB 70/t ($10/t) d-o-d while prices of CRCs remained unchanged today. Current offers-

• HRCs (4.5-12mm, Q235 B): RMB 4,100/t ($608/t)
• CRCs (1-1.2mm, Q195-215A): RMB 4,570/t ($678/t)
• Prices are exw-Tianjin, including 13% VAT.

SHFE HRCs futures for May’23 delivery settled today at RMB 4,130/t ($612/t), down by RMB 68/t ($10/t) d-o-d.