China’s Shagang Group to hike scrap purchase price by RMB 50 ($7) – sources

China’s largest EAF steelmaker- Shagang group is likely to hike scrap purchase price by RMB 50/t ($7) for all grades as per sources report received to SteelMint. The price for HMS (6-10 mm) will now be assessed at RMB 2,740/t ($409), inclusive of 13% VAT, delivered to headquarters.