Tag: china shagang scrap prices

China’s Shagang Steel has raised scrap buying prices for the second time this week by RMB 100/t ($14/t) for all grades, effective from 11 Nov. Post-revision, HMS (6-10 mm) prices stand at RMB 2,810/t ($392/t) delivered to headquarters, including 13% VAT. The company has increased its bid prices again to restock for the upcoming winter…