China: Domestic HRCs prices fall d-o-d today

China’s domestic HRCs prices fell by RMB 30/t ($4/t) while those of CRCs rose by RMB 10/t ($1/t) d-o-d today. Current offers:

• HRCs (4.5-12mm, Q235 B): RMB 4,200/t ($605/t)
• CRCs (1-1.2mm, Q195-215A): RMB 4,720/t ($680/t)
• Prices are exw-Tianjin, including 13% VAT.

SHFE HRCs futures for May’23 delivery closed today at RMB 4,257/t ($614/t), down by RMB 26/t ($4/t) d-o-d.