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

China’s domestic HRC and CRC prices remained unchanged d-o-d today. Current offers:

• HRC (4.5-12mm, Q235 B): RMB 4,060/t ($588/t)
• CRC (1-1.2mm, Q195-215A): RMB 4,490/t ($650/t)
• Prices are exw-Tianjin, including 13% VAT.

SHFE HRC futures for May’23 delivery settled today at RMB 4,099/t ($593/t), down by RMB 37/t ($5/t) d-o-d.