- China’s largest EAF steelmaker, Shagang Jiangsu Steel, has announced a sharp hike in the scrap purchase price for the first time in Sept’21, after three continuous price cuts in Aug.
- The steel producer has raised its scrap buying price by RMB 80/t ($12) for all grades effective from 3 Sept, sources confirmed.
- After the latest round of revision, the price of HMS (6-10 mm) stands at RMB 3,780/t ($585), inclusive of 13% VAT, delivered to headquarters.
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