China’s HRC, CRC prices remain flat d-o-d

China’s domestic HRC and CRC prices remained flat d-o-d on 29 Sept’22. Current offers-

• HRC (4.5-12mm, Q235 B): RMB 3,980/t ($558/t)
• CRC (1-1.2mm, Q195-215A): RMB 4,355/t ($610/t)
• Prices are exw-Tianjin basis, inclusive of 13% VAT.

SHFE HRC futures for Jan’23 delivery settled today at RMB 3,877/t ($543/t), down by RMB 8/t ($1/t) on d-o-d basis.