China’s HRC, CRC prices fall by up to RMB 20/t ($3/t)

China’s domestic CRC prices fell by RMB 20/t ($3/t) and HRC prices by RMB 10/t ($1/t) today. Current offers-

• HRC (4.5-12mm, Q235 B): RMB 3,760/t ($525/t)
• CRC (1-1.2mm, Q195-215A): RMB 4,220/t ($589/t)
• Prices are exw-Tianjin, including 13% VAT.

SHFE HRC futures for Jan’23 delivery settled today at RMB 3,761/t ($525/t), down by RMB 27/t ($4/t) as against previous close on 18 Nov’22.