China: Domestic flat steel prices rise by up to RMB 60/t ($9/t) d-o-d

China’s domestic CRCs prices rose by RMB 60/t ($9/t) d-o-d while prices of HRCs moved up by RMB 40/t ($6/t) today. Current offers-

• CRC (1-1.2mm, Q195-215A): RMB 4,630/t ($673/t)
• HRC (4.5-12mm, Q235 B): RMB 4,150/t ($603/t)
• Prices are exw-Tianjin, including 13% VAT.

SHFE HRCs futures for May’23 delivery settled today at RMB 4,243/t ($617/t), up by RMB 44/t ($6/t) d-o-d.