China: Domestic HRC, CRC prices rise by up to RMB 30/t ($4/t) d-o-d

China’s domestic HRC prices rose by RMB 30/t ($4/t), while CRC increased by RMB 10/t ($1/t) d-o-d today. Current offers:

• HRCs (4.5-12mm, Q235 B): RMB 4,300/t ($626/t)
• CRCs (1-1.2mm, Q195-215A): RMB 4,830/t ($702/t)
• Prices are exw-Tianjin, including 13% VAT.

SHFE HRCs futures for May’23 delivery closed today at RMB 4,439/t ($646/t), up by RMB 24/t ($4/t) d-o-d.