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

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

• HRCs (4.5-12mm, Q235 B): RMB 4,030/t ($579/t)
• CRCs (1-1.2mm, Q195-215A): RMB 4,470/t ($642/t)
• Prices are exw-Tianjin, including 13% VAT.

SHFE HRCs futures for May’23 delivery settled today at RMB 4,075/t ($585/t), up by RMB 51/t ($7/t) d-o-d.