China: HRC, CRC prices remain stable d-o-d

Chinese HRC and CRC prices remained unchanged d-o-d today. Current offers:

• HRC (4.5-12mm, Q235 B): RMB 4,230/t ($614/t)
• CRC (1-1.2mm, Q195-215A): RMB 4,790/t ($696/t)
• Prices are exw-Tianjin, including 13% VAT.

SHFE HRC futures for May’23 delivery closed today at RMB 4,282/t ($622/t), down RMB 19/t ($3/t) d-o-d.