Chinese HRC prices inch down by RMB 10/t ($2) d-o-d

HRC prices in China inched down by RMB 10/t ($2), while CRC prices rose by RMB 50/t ($7) d-o-d today. Current offers:

• HRC (4.5-12mm, Q235 B): RMB 4,160/t ($605/t)
• CRC (1-1.2mm, Q195-215A): RMB 4,800/t ($698/t)
• Prices are exw-Tianjin, including 13% VAT.

SHFE HRC futures for May delivery closed today at RMB 4,234/t ($615/t), up RMB 10/t ($2/t) d-o-d.