Tag: China Shagang Steel scrap purchase price

China’s Shagang Steel has increased scrap buy prices for the first time this week by RMB 80/t ($12/t) for all grades, effective 13 Dec’22. Post-revision, HMS (6-10 mm) prices are at RMB 3,090/t ($444/t) delivered to headquarters, including 13% VAT. Following the positive trend in Chinese finished steel prices, the company has increased its bids…