China: HRCs, CRCs prices stable d-o-d despite downtick in futures

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

• HRC (4.5-12mm, Q235 B): RMB 4,100/t ($605/t)
• CRC (1-1.2mm, Q195-215A): RMB 4,550/t ($671/t)
• Prices are exw-Tianjin, including 13% VAT.

SHFE HRC futures for May’23 delivery settled today at RMB 4,136/t ($610/t), down by RMB 11/t ($2/t) d-o-d.