China: Domestic HRCs, CRCs prices rise d-o-d

China’s domestic CRCs prices climbed RMB 50/t ($7/t) d-o-d today while HRCs prices rose by RMB 40/t ($6/t). Current offers-

• HRCs (4.5-12mm, Q235 B): RMB 4,190/t ($609/t)
• CRCs (1-1.2mm, Q195-215A): RMB 4,680/t ($680/t)
• Prices are exw-Tianjin, including 13% VAT.

SHFE HRCs futures for May’23 delivery closed today at RMB 4,293/t ($624/t), up by RMB 45/t ($7/t) d-o-d.