China’s Shagang steel lifts scrap purchase price by RMB 100/t ($16)

—

China’s largest EAF steelmaker Shagang Jiangsu Steel has announced the first hike in scrap purchase price on 11 Jun’21.
The company has raised scrap procurement price by RMB 100/t ($16) for all grades, effective from today.
After the latest revision, the current price for HMS (6-10 mm) stands at RMB 3,690/t ($578), inclusive of 13% VAT, delivered to headquarters.
Hike in imported scrap offers from Japan and the recent rise in Chinese steel futures have lifted scrap purchase bids.

Comments