China’s HRC, CRC prices continue to remain stable d-o-d

China’s domestic HRC and CRC prices continued to remain stable d-o-d today. Current offers-

• HRC (4.5-12mm, Q235 B): RMB 4,040/t ($581/t)
• CRC (1-1.2mm, Q195-215A): RMB 4,460/t ($642/t)
• Prices are exw-Tianjin, including 13% VAT.

SHFE HRC futures for Jan’23 delivery settled today at RMB 4042/t ($581/t), up by RMB 17/t ($2/t) d-o-d.