China’s CRC prices rebound by RMB 30/t ($4/t) d-o-d

China’s domestic CRC prices rebounded by RMB 30/t ($4/t), while HRC prices remained stable d-o-d today. Current offers-

• HRC (4.5-12mm, Q235 B): RMB 3,630/t ($499/t)
• CRC (1-1.2mm, Q195-215A): RMB 4,175/t ($573/t)
• Prices are exw-Tianjin, including 13% VAT.

SHFE HRC futures for Jan’23 delivery settled today at RMB 3,554/t ($488/t), up by RMB 47/t ($6/t) d-o-d.