Author: Rashi

China’s largest electric-arc furnace (EAF) steel maker, the Jiangsu Shagang Group, announced its second round of price hikes for scrap purchases for Jun’21. The company increased scrap procurement prices by RMB 80/tonne (t) ($13/t) for all grades, effective from today (16 Jun’21). After the revision, current prices for HMS (6-10 mm) stand at RMB 3,770/t…