China: Domestic HRCs, CRCs prices stable d-o-d

China’s domestic HRCs and CRCs prices remained steady d-o-d today. Current offers-

• HRCs (4.5-12mm, Q235 B): RMB 4,150/t ($605/t)
• CRCs (1-1.2mm, Q195-215A): RMB 4,630/t ($675/t)
• Prices are exw-Tianjin, including 13% VAT.

SHFE HRCs futures for May’23 delivery closed today at RMB 4,248/t ($619/t), up by a marginal RMB 5/t ($1/t) d-o-d.