China: Domestic HRC, CRC prices rise by up to RMB 20/t ($3/t) d-o-d

China’s domestic CRC prices rose by RMB 20/t ($3/t), while HRC increased by RMB 10/t ($1/t) d-o-d today. Current offers:

• CRCs (1-1.2mm, Q195-215A): RMB 4,760/t ($689/t)
• HRCs (4.5-12mm, Q235 B): RMB 4,230/t ($612/t)
• Prices are exw-Tianjin, including 13% VAT.

SHFE HRCs futures for May’23 delivery closed today at RMB 4,348/t ($629/t), up by RMB 35/t ($5/t) d-o-d.