Tag: China ferrous scrap price

China: Shagang Steel increases scrap procurement prices by RMB 50/t ($7/t)

Jul 8, 2024

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by

Manya Dewangan

in Melting Scrap

Shagang Steel has declared an additional increase of around RMB 50/t ($7/t) in ferrous scrap procurement prices with effect from today. The new price of HMS (6-10 mm) is now RMB 2,840/t ($391), including 13% VAT. Remarkably, this is the second increase in this month.