China: Shagang Steel raises scrap purchase prices further by $8/t

—

China’s Shagang Jiangsu Steel continued to lift scrap procurement prices, sources informed.
The company raised prices further by RMB 50/t ($8/t) for all grades effective 7 April as against the last hike on 1 April.
After the revision, prices of HMS (6-10mm) are at RMB 4,020/t ($631/t) delivered to headquarters, including 13% VAT.

Comments