China: Domestic HRCs prices rise d-o-d today

China’s domestic HRCs prices increased by RMB 20/t ($3/t) d-o-d today while those of CRCs remained unchanged today. Current offers:

• HRCs (4.5-12mm, Q235 B): RMB 4,210/t ($611/t)
• CRCs (1-1.2mm, Q195-215A): RMB 4,680/t ($679/t)
• Prices are exw-Tianjin, including 13% VAT.

SHFE HRCs futures for May’23 delivery closed today at RMB 4,296/t ($623/t), stable d-o-d.