- The leading steel enterprises in Jiangsu Province have hiked scrap purchase prices by RMB 100/t ($15) for all grades today.
- Price indication for HMS (6-10 mm) stands at RMB 3,720 ($576), inclusive of 13% VAT, delivered to headquarters.
- A surge in Chinese steel futures, higher margins, hike in global scrap and iron ore prices are heard to be the key reasons behind the price hike.
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