Tag: China Scrap Consumption

The largest ferrous scrap consumer in China, Shagang Steel group has recently hiked its scrap buying prices further by Chinese Yuan 200/MT (USD 30). As per latest price update, Shagang is now paying CNY 2,480/MT (USD 375) inclusive of 17% VAT for Heavy Melting Scrap not lesser than 6 MM in thickness delivered to its…