China: HRCs, CRCs prices remain stable d-o-d

China’s domestic HRCs and CRCs prices remained stable d-o-d today. Current offers-

• HRCs (4.5-12mm, Q235 B): RMB 4,090/t ($599/t)
• CRCs (1-1.2mm, Q195-215A): RMB 4,540/t ($665/t)
• Prices are exw-Tianjin, including 13% VAT.

SHFE HRCs futures for May’23 delivery closed today at RMB 4,119/t ($604/t), falling by RMB 22/t ($3/t) d-o-d.