China: HRCs prices edge lower by RMB 10/t ($1/t)

China’s domestic HRCs prices edged lower by RMB 10/t ($1/t), while CRCs prices remained stable d-o-d today. Current offers:

• HRCs (4.5-12mm, Q235 B): RMB 4,020/t ($577/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 4,072/t ($585/t), largely stable d-o-d.