China: Domestic HRCs prices inch up d-o-d today

China’s domestic HRCs prices inched up by RMB 10/t ($1/t) d-o-d today while those of CRCs remained unchanged today. Current offers:

• HRCs (4.5-12mm, Q235 B): RMB 4,230/t ($610/t)
• CRCs (1-1.2mm, Q195-215A): RMB 4,710/t ($679/t)
• Prices are exw-Tianjin, including 13% VAT.

However, SHFE HRCs futures for May’23 delivery closed today at RMB 4,284/t ($617/t), down by RMB 25/t ($4/t) d-o-d.