China: Domestic CRCs prices rise by RMB 20/t ($3/t) d-o-d today

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

• CRCs (1-1.2mm, Q195-215A): RMB 4,740/t ($686/t)
• HRCs (4.5-12mm, Q235 B): RMB 4,220/t ($611/t)
• Prices are exw-Tianjin, including 13% VAT.

However, SHFE HRCs futures for May’23 delivery closed today at RMB 4,213/t ($610/t), falling by RMB 74/t ($11/t) d-o-d.