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

China’s domestic HRC, CRC prices remained stable d-o-d today. Current offers:

• HRC (4.5-12mm, Q235 B): RMB 4,040/t ($580/t)
• CRC (1-1.2mm, Q195-215A): RMB 4,450/t ($639/t)
• Prices are exw-Tianjin, including 13% VAT.

SHFE HRC futures for Jan’23 delivery settled today at RMB 3,983/t ($572/t), down by RMB 36/t ($5/t) d-o-d.