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Tag: CRC prices fall sharply by up to RMB 90/t ($12/t)

  • China: HRC, CRC prices fall sharply by up to RMB 90/t ($12/t)

    China: HRC, CRC prices fall sharply by up to RMB 90/t ($12/t)

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    by

    Suyash Jain
    in

    China’s domestic prices of HRCs decreased sharply by RMB 90/t ($12/t) and CRCs by RMB 80/t ($11/t) d-o-d today following a sharp fall in HRC futures. HRC (4.5-12mm, Q235 B): RMB 3,720/t ($513/t) CRC (1-1.2mm, Q195-215A): RMB 4,205/t ($580/t) Prices are exw-Tianjin, including 13% VAT. SHFE HRC futures for Jan’23 delivery closed today at RMB…