China’s HRC, CRC prices stable d-o-d

China’s domestic HRC and CRC prices remained unchanged d-o-d today. Current offers-

• HRC (4.5-12mm, Q235 B): RMB 4,270/t ($619/t)
• CRC (1-1.2mm, Q195-215A): RMB 4,800/t ($696/t)
• Prices are exw-Tianjin, including 13% VAT.

SHFE HRC futures for May’23 delivery closed today at RMB 4,329/t ($628/t), down RMB 28/t ($4/t) d-o-d.