Tag: China Shagang Steel scrap purchase price

China’s Shagang Steel has raised scrap buy prices for the third time this month by RMB 100/t ($14/t) for all grades, effective 15 Nov’22. Post revision, HMS (6-10 mm) prices are at RMB 2,910/t ($413/t) delivered to headquarters, including 13% VAT. To prevent ever-declining scrap supplies, the company continues to raise bid prices.