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

China’s domestic HRC and CRC prices increased by RMB 50/t ($7/t) d-o-d today. Current offers-

• HRC (4.5-12mm, Q235 B): RMB 3,800/t ($537/t)
• CRC (1-1.2mm, Q195-215A): RMB 4,285/t ($605/t)
• Prices are exw-Tianjin, including 13% VAT.

SHFE HRC futures for Jan’23 delivery settled today at RMB 3,810/t ($538/t), up by RMB 30/t ($4/t) d-o-d.