China: HRCs prices fall by RMB 20/t ($3/t) d-o-d

China’s domestic HRCs prices fell by RMB 20/t ($3/t) d-o-d while prices of CRCs remained unchanged today. Current offers-

• HRCs (4.5-12mm, Q235 B): RMB 4,090/t ($600/t)
• CRCs (1-1.2mm, Q195-215A): RMB 4,540/t ($666/t)
• Prices are exw-Tianjin, including 13% VAT.

SHFE HRCs futures for May’23 delivery closed today at RMB 4,141/t ($608/t), down by RMB 8/t ($1/t) d-o-d.