China’s Shagang Steel has announced a price hike for all grades of domestic steel scrap procurement by RMB 50/t ($ 7) effective from today, 13th July’20. The purchase price for HMS (6-10 mm) has now climbed up to RMB 2700/MT ($ 386), inclusive of 13% VAT, delivered to headquarters, in comparison with last revision to RMB 2,650/t on 28th June’20.
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