- China’s leading steel mill, Shagang Steel, increased its scrap procurement prices by RMB 50/t ($7/t) on 16 Sep’25.
- This marks the second price revision this month. Following this adjustment, prices of HMS (6-10 mm) stood at RMB 2,460/t ($346/t), up from RMB 2,410/t ($339/t) on 2 Aug’25, inclusive of 13% VAT.
China: Shagang Steel increases scrap procurement prices by $7/t
China scrap prices China steel mills scrap demand China: Shagang Steel increase scrap procurement prices by $7/t Chinese steel market HMS 6-10mm price HMS scrap price China scrap price update September 2025 Shagang scrap price hike Shagang Steel steel industry news China steel scrap procurement
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