Tag: China Shagang Steel scrap purchase price

China’s Shagang Steel has raised scrap buy prices after three weeks by RMB 100/t ($14/t) for all grades, effective from 8 Nov. Post-revision, HMS (6-10 mm) prices stand at RMB 2,710/t ($375/t) delivered to headquarters, including 13% VAT. To stock up for the winter season, the company has raised its bid prices.