Tag: CRCs prices stable d-o-d despite downtick in futures

China: HRCs, CRCs prices stable d-o-d despite downtick in futures

Jan 17, 2023

—

by

Sakeena Rizvi

in HRC

China’s domestic HRCs and CRCs prices remained unchanged d-o-d today. Current offers- HRC (4.5-12mm, Q235 B): RMB 4,100/t ($605/t) CRC (1-1.2mm, Q195-215A): RMB 4,550/t ($671/t) Prices are exw-Tianjin, including 13% VAT. SHFE HRC futures for May’23 delivery settled today at RMB 4,136/t ($610/t), down by RMB 11/t ($2/t) d-o-d.