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

China’s domestic HRC prices rose by RMB 50/t ($7/t) and CRC prices by RMB 30/t ($4/t) d-o-d today. Current offers-

• HRC (4.5-12mm, Q235 B): RMB 3,720/t ($523/t)
• CRC (1-1.2mm, Q195-215A): RMB 4,205/t ($591/t)
• Prices are exw-Tianjin, including 13% VAT.

SHFE HRC futures for Jan’23 delivery settled today at RMB 3,696/t ($519/t), up by RMB 53/t ($7/t) d-o-d.