Tag: china scrap price

China’s Shagang Jiangsu Steel has announced a hike in scrap procurement prices for the third time this month. The steel producer has raised prices by RMB 150/t ($23/t) for all grades effective 22 Dec’21. After the revision, the price of HMS (6-10mm) stands at RMB 3,590/t ($563/t) delivered to headquarters, including 13% VAT.