China: HRCs prices decline by RMB 40/t ($6/t) d-o-d today

China’s domestic HRCs prices declined by RMB 40/t ($6/t) while CRCs prices remained unchanged d-o-d today. Current offers:

• HRCs (4.5-12mm, Q235 B): RMB 4,000/t ($574/t)
• CRCs (1-1.2mm, Q195-215A): RMB 4,450/t ($639/t)
• Prices are exw-Tianjin, including 13% VAT.

SHFE HRCs futures for May’23 delivery settled today at RMB 4,024/t ($578/t), stable d-o-d.