China: HRC prices edge up by RMB 10/t d-o-d

China’s domestic HRC prices edged up by RMB 10/t ($1/t), while CRC prices remained unchanged d-o-d today. Current offers:

• HRC (4.5-12mm, Q235 B): RMB 3,820/t ($539/t)
• CRC (1-1.2mm, Q195-215A): RMB 4,270/t ($603/t)
• Prices are exw-Tianjin, including 13% VAT.

SHFE HRC futures for Jan’23 delivery settled today at RMB 3,873/t ($546/t), up by RMB 11/t ($2/t) d-o-d.