China: Domestic HRCs prices inch down by RMB 10/t ($1/t) d-o-d

China’s domestic HRCs prices inched down by RMB 10/t ($1/t) while those of CRCs remained unchanged d-o-d today. Current offers:

• HRCs (4.5-12mm, Q235 B): RMB 4,310/t ($624/t)
• CRCs (1-1.2mm, Q195-215A): RMB 4,850/t ($702/t)
• Prices are exw-Tianjin, including 13% VAT.

SHFE HRCs futures for May’23 delivery closed today at RMB 4,467/t ($647/t), stable d-o-d.