China’s CRC prices increase by RMB 40/t ($6/t) d-o-d

China’s CRC prices increased by RMB 40/t ($6/t), while HRC prices remained stable d-o-d on 23 Sept’22. Current offers-

• HRC (4.5-12mm, Q235 B): RMB 3,960/t ($556/t)
• CRC (1-1.2mm, Q195-215A): RMB 4,345/t ($610/t)
• Prices are exw-Tianjin basis, inclusive of 13% VAT.

SHFE HRC futures for Jan’23 delivery settled today at RMB 3,820/t ($536/t), up by RMB 53/t ($7/t) on d-o-d basis.