China: CRCs prices fall by RMB 60/t ($9/t) d-o-d

China’s domestic CRCs prices fell by RMB 60/t ($9/t) d-o-d while prices of HRCs remained unchanged today. Current offers-

• CRCs (1-1.2mm, Q195-215A): RMB 4,570/t ($676/t)
• HRCs (4.5-12mm, Q235 B): RMB 4,170/t ($617/t)
• Prices are exw-Tianjin, including 13% VAT.

SHFE HRCs futures for May’23 delivery settled today at RMB 4,198/t ($621/t), down by RMB 64/t ($9/t) d-o-d.