Tag: china scrap price

China’s largest EAF steelmaker, Shagang Jiangsu Steel, has announced the first reduction in scrap procurement price for Aug’21 after a month’s gap. The steel producer has cut its scrap purchase price by RMB 50/t ($8) for all grades effective from 6 Aug’21. After the revision, the current price for HMS (6-10 mm) stands at RMB…