China’s HRC, CRC prices exhibit mixed trends

China’s domestic CRC prices dropped by RMB 20/t ($3/t), while HRC prices edged up by RMB 10/t ($1/t) d-o-d today. SHFE HRC futures for Jan’23 delivery settled today at RMB 3,649/t ($503/t), up RMB 10/t ($1/t) d-o-d. Current offers:

• HRC (4.5-12mm, Q235 B): RMB 3,870/t ($534/t)
• CRC (1-1.2mm, Q195-215A): RMB 4,315/t ($595/t)
• Prices are exw-Tianjin, including 13% VAT.