China’s CRC prices increase by RMB 50/t ($7/t) d-o-d

China’s domestic CRC prices rose by RMB 50/t ($7/t), while HRC prices dropped marginally by RMB 10/t ($1/t) d-o-d today. Current offers:

• HRC (4.5-12mm, Q235 B): RMB 3,810/t ($537/t)
• CRC (1-1.2mm, Q195-215A): RMB 4,270/t ($602/t)
• Prices are exw-Tianjin, including 13% VAT.

SHFE HRC futures for Jan’23 delivery settled today at RMB 3,862/t ($545/t), down by RMB 12/t ($2/t) d-o-d.