China: HRC, CRC prices decline by up to RMB 70/t ($10/t)

China’s domestic prices of HRCs declined by RMB 70/t ($10/t) and CRCs by RMB 60/t ($8/t) d-o-d today following a decrease in HRC futures.

• HRC (4.5-12mm, Q235 B): RMB 3,650/t ($500/t)
• CRC (1-1.2mm, Q195-215A): RMB 4,145/t ($568/t)
• Prices are exw-Tianjin, including 13% VAT.

SHFE HRC futures for Jan’23 delivery closed today at RMB 3,494/t ($479/t), down by RMB 60/t ($8/t) d-o-d.