China’s largest EAF steelmaker- Shagang Steel has raised scrap purchase price today by RMB 80-100/t ($12-15) for all grades, reliable sources have reported to SteelMint. The company has increased its price in just two days. Currently, HMS (6-10 mm) stands at RMB 3,420/t ($521), inclusive of 13% VAT, delivered to headquarters.
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