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

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

• CRCs (1-1.2mm, Q195-215A): RMB 4,550/t ($674/t)
• HRCs (4.5-12mm, Q235 B): RMB 4,090/t ($606/t)
• Prices are exw-Tianjin, including 13% VAT.

SHFE HRCs futures for May’23 delivery settled today at RMB 4,165/t ($617/t), down marginally by RMB 9/t ($1/t) d-o-d.