Author: Rashi
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China: Shagang Steel hikes scrap purchase price by $13/t
China’s largest EAF steelmaker Shagang Jiangsu Steel has announced its second hike in scrap purchase price for the month. The company has increased the scrap procurement price by RMB 80/t ($13) for all grades, effective from today. After the revision, the current price for HMS (6-10 mm) stands at RMB 3,770/t ($589), inclusive of 13%…