China’s HRC, CRC prices rise by up to RMB 60/t ($9/t) d-o-d

China’s domestic HRC prices rose by RMB 60/t ($9/t) while CRC prices by RMB 30/t ($4/t) d-o-d today. Current offers:

• HRC (4.5-12mm, Q235 B): RMB 4,000/t ($575/t)
• CRC (1-1.2mm, Q195-215A): RMB 4,360/t ($627/t)
• Prices are exw-Tianjin, including 13% VAT.

SHFE HRC futures for Jan’23 delivery settled today at RMB 4,014/t ($577/t), up by RMB 81/t ($12/t) d-o-d.