China: Domestic HRCs, CRCs prices remain stable d-o-d today

China’s domestic HRCs and CRCs prices remained unchanged d-o-d today. Current offers:

• HRCs (4.5-12mm, Q235 B): RMB 4,230/t ($608/t)
• CRCs (1-1.2mm, Q195-215A): RMB 4,710/t ($677/t)
• Prices are exw-Tianjin, including 13% VAT.

However, SHFE HRCs futures for May’23 delivery closed today at RMB 4,283/t ($615/t), stable d-o-d.