China: HRC prices rise by up to RMB 10/t ($1/t) d-o-d

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

• HRC (4.5-12mm, Q235 B): RMB 4,070/t ($592/t)
• CRC (1-1.2mm, Q195-215A): RMB 4,490/t ($654/t)
• Prices are exw-Tianjin, including 13% VAT.

SHFE HRC futures for May’23 delivery settled today at RMB 4,056/t ($590/t), down RMB 32/t ($5/t) d-o-d.