China: HRC, CRC prices fall by up to RMB 30/t ($4/t) d-o-d

China’s HRC prices inched down by RMB 30/t ($4/t) d-o-d while CRC prices decreased by RMB 20/t ($3/t) today. Current offers-

• HRC (4.5-12mm, Q235 B): RMB 3,770/t ($527/t)
• CRC (1-1.2mm, Q195-215A): RMB 4,265/t ($596/t)
• Prices are exw-Tianjin, including 13% VAT.

SHFE HRC futures for Jan’23 delivery closed today at RMB 3,777/t ($528/t), down by RMB 24/t ($3/t) d-o-d.