China: HRCs prices rise by RMB 20/t ($3/t) d-o-d today

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

• HRCs (4.5-12mm, Q235 B): RMB 4,060/t ($582/t)
• CRCs (1-1.2mm, Q195-215A): RMB 4,450/t ($638/t)
• Prices are exw-Tianjin, including 13% VAT.

SHFE HRC futures for Jan’23 delivery settled today at RMB 4,020/t ($576/t), up by RMB 37/t ($5/t) d-o-d.