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

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 ($527/t)
• CRC (1-1.2mm, Q195-215A): RMB 4,220/t ($591/t)
• Prices are exw-Tianjin, including 13% VAT.

SHFE HRC futures for Jan’23 delivery settled today at RMB 3,778/t ($529/t), up by RMB 17/t ($2/t) d-o-d.