China: HRCs prices drop marginally by RMB 10/t ($1/t) d-o-d

China’s domestic HRCs prices moved down marginally by RMB 10/t ($1/t) d-o-d while CRCs prices remained unchanged today. Current offers-

• HRC (4.5-12mm, Q235 B): RMB 4,090/t ($603/t)
• CRC (1-1.2mm, Q195-215A): RMB 4,520/t ($666/t)
• Prices are exw-Tianjin, including 13% VAT.

SHFE HRC futures for May’23 delivery settled today at RMB 4,157/t ($613/t), down RMB 10/t ($1/t) d-o-d.