China: HRC, CRC prices remain stable d-o-d

China’s domestic HRC and CRC prices remained stable d-o-d on 27 Oct’22. Current offers-

• HRC (4.5-12mm, Q235 B): RMB 3,810/t ($527/t)
• CRC (1-1.2mm, Q195-215A): RMB 4,285/t ($593/t)
• Prices are exw-Tianjin, including 13% VAT.

Meanwhile, SHFE HRC futures for Jan’23 delivery closed today at RMB 3,640/t ($504/t), largely unchanged d-o-d.