Tag: china scrap price

China’s largest EAF steelmaker, Shagang Jiangsu Steel, has announced the first reduction in scrap procurement price in Sep’21. The steelmaker has cut scrap purchase price by RMB 70/t ($11) for all grades from 17 Sep. Post-revision, the price of HMS (6-10 mm) stands at RMB 3,710/t ($575), including 13% VAT, delivered to headquarters. Due to…