Tag: China: Domestic HRC CRC prices rise by up to RMB 70/t ($10/t)

China: Domestic HRC, CRC prices rise by up to RMB 70/t ($10/t)

Jul 19, 2022

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by

Suyash Jain

in HRC

China’s HRC and CRC prices rose d-o-d today following the sharp rise in HRC futures and decline in social inventory. According to SteelMint data, SHFE HRC futures for Oct’22 delivery settled today at RMB 3,800/t ($564/t), up by RMB 98/t ($15/t) d-o-d. Current prices- HRC (4.5-12mm, Q235 B): RMB 3,770/t ($559/t), up by RMB 30/t…