Tag: CRC prices drop by up to RMB 40/t ($5/t)

China’s domestic HRC prices dropped by RMB 40/t ($5/t) and CRC prices by RMB 30/t ($4/t) d-o-d today. SHFE HRC futures for Jan’23 delivery settled today at RMB 3,639/t ($504/t), down RMB 40/t ($5/t) d-o-d. Current offers: HRC (4.5-12mm, Q235 B): RMB 3,860/t ($534/t) CRC (1-1.2mm, Q195-215A): RMB 4335/t ($600/t) Prices are exw-Tianjin, including 13%…