- China’s leading steel mill, Shagang Steel, reduced its scrap procurement prices by RMB 50/t ($7/t) across all grades on 2 Sep’25.
- This marks the first price cut this month. Following this adjustment, prices of HMS (6-10 mm) stood at RMB 2,410/t ($337/t), down from RMB 2,460/t ($344/t) on 19 Aug’25, inclusive of 13% VAT.
China: Shagang Steel reduces scrap procurement prices by $7/t
China Steel Industry china steel scrap China: Shagang Steel decreases scrap procurement prices by $7/t Chinese steel market ferrous scrap china HMS (6-10 mm) HMS scrap China scrap price cut scrap procurement price Shagang Steel Shagang Steel news steel market China September 2025 steel market update steel price trend steel prices update steel scrap RMB
Leave a Reply