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

China’s domestic HRC prices rose by RMB 20/t ($3/t), while CRC prices remained stable d-o-d today. Current offers:

• HRC (4.5-12mm, Q235 B): RMB 3,780/t ($529/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 3,804/t ($532/t), up by RMB 37/t ($5/t) d-o-d.