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

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

• HRCs (4.5-12mm, Q235 B): RMB 4,090/t ($587/t)
• CRCs (1-1.2mm, Q195-215A): RMB 4,490/t ($644/t)
• Prices are exw-Tianjin, including 13% VAT.

SHFE HRC futures for Jan’23 delivery settled today at RMB 4,131/t ($592/t), up by RMB 25/t ($4/t) d-o-d.