China: HRC, CRC prices stable for third consecutive day

Chinese HRC and CRC prices remained unchanged for the third consecutive day. Current prices –

• HRC (4.5-12mm, Q235 B): RMB 4,230/t ($620/t)
• CRC (1-1.2mm, Q195-215A): RMB 4,790/t ($702/t)
• Prices are exw-Tianjin, including 13% VAT.

SHFE HRC futures for May’23 delivery closed today at RMB 4,267/t ($626/t), down RMB 15/t ($2/t) d-o-d.