Tag: China: Domestic flat steel prices rise by up to RMB 60/t ($9/t) d-o-d

China: Domestic flat steel prices rise by up to RMB 60/t ($9/t) d-o-d

Feb 17, 2023

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by

Sakeena Rizvi

in HRC

China’s domestic CRCs prices rose by RMB 60/t ($9/t) d-o-d while prices of HRCs moved up by RMB 40/t ($6/t) today. Current offers- CRC (1-1.2mm, Q195-215A): RMB 4,630/t ($673/t) HRC (4.5-12mm, Q235 B): RMB 4,150/t ($603/t) Prices are exw-Tianjin, including 13% VAT. SHFE HRCs futures for May’23 delivery settled today at RMB 4,243/t ($617/t), up…