Tag: China Shagang Steel scrap purchase price

Shagang Steel has recently announced a downward adjustment in the purchasing rates for ferrous scrap across all classifications, starting 30 Mar’24. The updated rates show a decrease of RMB 50/t ($7/t). As a result, the revised prices of HMS (6-10 mm) stand at RMB 2,650/t ($366/t), including 13% VAT. This marked the seventh successive price…