China’s HRCs, CRCs prices fall by up to RMB 50/t ($7/t) d-o-d today

China’s domestic HRCs prices fell by RMB 50/t ($7/t) and CRCs by RMB 40/t ($6/t) d-o-d today. Current offers:

• HRCs (4.5-12mm, Q235 B): RMB 4,040/t ($579/t)
• CRCs (1-1.2mm, Q195-215A): RMB 4,450/t ($638/t)
• Prices are exw-Tianjin, including 13% VAT.

SHFE HRC futures for Jan’23 delivery settled today at RMB 4,019/t ($576/t), down by RMB 112/t ($16/t) d-o-d.