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

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

• HRCs (4.5-12mm, Q235 B): RMB 4,220/t ($615/t)
• CRCs (1-1.2mm, Q195-215A): RMB 4,720/t ($688/t)
• Prices are exw-Tianjin, including 13% VAT.

SHFE HRCs futures for May’23 delivery closed today at RMB 4,287/t ($625/t), up by RMB 30/t ($4/t) d-o-d.