China: HRCs, CRCs prices fall by up to RMB 40/t ($6/t) d-o-d

China’s domestic HRCs prices fell by RMB 40/t ($6/t) d-o-d while prices of CRCs went down by RMB 30/t ($5/t) today. Current offers-

• HRCs (4.5-12mm, Q235 B): RMB 4,090/t ($607/t)
• CRCs (1-1.2mm, Q195-215A): RMB 4,540/t ($674/t)
• Prices are exw-Tianjin, including 13% VAT.

SHFE HRCs futures for May’23 delivery settled today at RMB 4056/t ($602/t), down RMB 43/t ($6/t) d-o-d.