China’s HRC prices edge down by RMB 20/t ($3/t) d-o-d

China’s HRC prices edged down by RMB 20/t ($3/t) while CRC prices remained stable on 19 Sep’22. Current prices-

• HRC (4.5-12mm, Q235 B): RMB 3,950/t ($564/t)
• CRC (1-1.2mm, Q195-215A): RMB 4,325/t ($617/t)
• Prices are exw-Tianjin basis, inclusive of 13% VAT.

SHFE HRC futures for Jan’23 delivery settled today at RMB 3,779/t ($539/t), up by RMB 16/t ($2/t) against closing on 16 Sep’22.