Tag: China: Shagang Steel increase scrap procurement prices by $7/t

China: Shagang Steel increases scrap procurement prices by $7/t

Sep 16, 2025

—

by

Adarsh Ramteke

in Melting Scrap

China’s leading steel mill, Shagang Steel, increased its scrap procurement prices by RMB 50/t ($7/t) on 16 Sep’25. This marks the second price revision this month. Following this adjustment, prices of HMS (6-10 mm) stood at RMB 2,460/t ($346/t), up from RMB 2,410/t ($339/t) on 2 Aug’25, inclusive of 13% VAT.