- China’s Shagang Jiangsu Steel has announced a sharp hike in scrap procurement price for the first time in Dec’21, after continuous price cuts for two months.
- The steel producer has raised its scrap buying price by RMB 100/t ($16/t) for all grades effective 13 Dec’21.
- After the latest revision, the price of HMS (6-10mm) stands at RMB 3,340/t ($525/t) delivered to headquarters, including 13% VAT.
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