China: Shagang Steel hikes scrap purchase prices by $15/t

  • China’s Shagang Steel has announced the first hike in scrap procurement prices in Oct’21 by RMB 100/t ($15) for all grades, effective from 12 Oct.
  • After the revision, price for HMS (6-10 mm) stands at RMB 3,860/t ($598), including 13% VAT, delivered to headquarters.

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