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

China’s domestic HRC and CRC prices remained stable today as compared with the closing on 4 Nov’22. Current offers-

• HRC (4.5-12mm, Q235 B): RMB 3,650/t ($505/t)
• CRC (1-1.2mm, Q195-215A): RMB 4,195/t ($581/t)
• Prices are exw-Tianjin, including 13% VAT.

SHFE HRC futures for Jan’23 delivery settled today at RMB 3,635/t ($503/t), up by RMB 21/t ($3/t) against the last closing.