China’s domestic CRC prices fell by RMB 30/t ($4/t) and HRC prices by RMB 20/t ($3/t) on 11 Oct’22. SHFE HRC futures for Jan’23 delivery settled today at RMB 3,820/t ($534/t), down by RMB 69/t ($10/t) d-o-d. Current offers:
- CRC (1-1.2mm, Q195-215A): RMB 4,405/t ($615/t)
- HRC (4.5-12mm, Q235 B): RMB 3,990/t ($557/t)
- Prices are exw-Tianjin, including 13% VAT.
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