China’s HRCs, CRCs prices rise by RMB 30/t ($4/t) d-o-d

China’s domestic HRCs, CRCs prices rose by RMB 30/t ($4/t) d-o-d today. Current offers:

• HRCs (4.5-12mm, Q235 B): RMB 4,070/t ($584/t)
• CRCs (1-1.2mm, Q195-215A): RMB 4,490/t ($644/t)
• Prices are exw-Tianjin, including 13% VAT.

SHFE HRC futures for Jan’23 delivery settled today at RMB 4,106/t ($589/t), up by RMB 64/t ($9/t) d-o-d.