- China’s Shagang Jiangsu Steel has lowered scrap procurement prices for the fourth time in a month, sources informed.
- The company reduced prices by RMB 120/t ($18/t) for all grades, effective 21 Jun’22, as against the last revision on 20 Jun.
- After the revision, prices of HMS (6-10mm) are at RMB 3,500/t ($521/t) delivered to headquarters, including 13% VAT.
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