China: Shagang Steel raises scrap purchase prices again by $14/t

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China’s Shagang Steel has raised scrap buying prices for the second time this week by RMB 100/t ($14/t) for all grades, effective from 11 Nov.
Post-revision, HMS (6-10 mm) prices stand at RMB 2,810/t ($392/t) delivered to headquarters, including 13% VAT.
The company has increased its bid prices again to restock for the upcoming winter season.

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