- China’s Shagang Jiangsu Steel has announced the second hike in scrap procurement price this month by RMB 50/t ($8) for all grades from 28 Sep’21.
- After the revision, the price of HMS (6-10 mm) stands at RMB 3,760/t ($583), including 13% VAT, delivered to headquarters.
- Steel mills, however, are showing limited demand for scrap due to production cuts. But stockpiling is on before the national holidays.
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