China: Domestic HRC, CRC prices rise by RMB 20/t ($3/t) d-o-d

China’s domestic HRCs and CRCs prices rose by RMB 20/t ($3/t) d-o-d today. Current offers-

• HRCs (4.5-12mm, Q235 B): RMB 4,320/t ($628/t)
• CRCs (1-1.2mm, Q195-215A): RMB 4,850/t ($705/t)
• Prices are exw-Tianjin, including 13% VAT.

SHFE HRCs futures for May’23 delivery closed today at RMB 4,463/t ($649/t), up by RMB 24/t ($4/t) d-o-d.