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 moved up RMB 20/t ($3/t) d-o-d today. Current offers-

• CRC (1-1.2mm, Q195-215A): RMB 4,520/t ($666/t)
• HRC (4.5-12mm, Q235 B): RMB 4,100/t ($605/t)
• Prices are exw-Tianjin, including 13% VAT.

SHFE HRC futures for May’23 delivery settled today at RMB 4,167/t ($614/t), up RMB 35/t ($5/t) d-o-d.