Tag: China Shagang Steel scrap purchase price

China’s Shagang Steel has once again trimmed the scrap buy prices by RMB 100/t ($14/t) for all grades of scrap, effective from 31 Oct. Post-revision, HMS (6-10 mm) prices stand at RMB 2,610/t ($359/t) delivered to headquarters, including 13% VAT. Uncertainty in finished steel prices resulted in this continuous reduction in domestic scrap prices by…