China’s HRC, CRC prices stable d-o-d, futures edge lower

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

• HRC (4.5-12mm, Q235 B): RMB 3,760/t ($525/t)
• CRC (1-1.2mm, Q195-215A): RMB 4,220/t ($589/t)
• Prices are exw-Tianjin, including 13% VAT.

SHFE HRC futures for Jan’23 delivery settled today at RMB 3,767/t ($526/t), down by RMB 11/t ($2/t) d-o-d.