Author: Deepika Singh

Shagang Group, China’s leading electric arc furnace (EAF) steelmaker headquartered in Jiangsu, has raised its scrap procurement prices by RMB 100/t ($16/t), effective from 23 Mar’22, in an attempt to secure deliveries. Current prices of HMS (6-10 mm) stand at RMB 3,870/t ($607/t), including 13% VAT, delivered to headquarters. Notably, the company’s scrap purchase bids…