Author: Rashi

China’s largest EAF steelmaker Shagang Jiangsu Steel has announced the first hike in scrap purchase price on 11 Jun’21. The company has raised scrap procurement price by RMB 100/t ($16) for all grades, effective from today. After the latest revision, the current price for HMS (6-10 mm) stands at RMB 3,690/t ($578), inclusive of 13%…