China: Domestic HRCs, CRCs prices increase d-o-d today

China’s domestic CRCs prices increased by RMB 30/t ($4/t) d-o-d today while those of HRCs inched up by RMB 10/t ($1/t) today. Current offers:

• HRCs (4.5-12mm, Q235 B): RMB 4,220/t ($612/t)
• CRCs (1-1.2mm, Q195-215A): RMB 4,710/t ($683/t)
• Prices are exw-Tianjin, including 13% VAT.

SHFE HRCs futures for May’23 delivery closed today at RMB 4,309/t ($625/t), inched up by RMB 13/t ($2/t) d-o-d.