China: HRCs, CRCs prices rise by up to RMB 30/t ($4/t) d-o-d

China’s domestic CRCs prices rose by RMB 30/t ($4/t) while HRCs prices increased by RMB 20/t ($3/t) d-o-d today. Current offers-

• HRCs (4.5-12mm, Q235 B): RMB 4,110/t ($601/t)
• CRCs (1-1.2mm, Q195-215A): RMB 4,570/t ($668/t)
• Prices are exw-Tianjin, including 13% VAT.

SHFE HRCs futures for May’23 delivery closed today at RMB 4,164/t ($609/t), up by RMB 53/t ($8/t) d-o-d.