Author: Rashi

China’s largest EAF steelmaker Shagang Jiangsu Steel has announced a cut in its scrap purchase price today. The company has slashed scrap procurement price by RMB 50/t ($8) for all grades, effective from 26 May’21. After the latest revision, the current price for HMS (6-10 mm) stands at RMB 3,590/t ($568), inclusive of 13% VAT,…