Tag: China Shagang Steel scrap purchase price

China’s Shagang Steel has announced a hike of RMB 150/t ($22/t) in scrap purchase prices this week for all grades. After revision, HMS (6-10 mm) prices are at RMB 3,370/t ($498/t) delivered to headquarters, including 13% VAT. Prices are effective from 17 Aug’22. Firm demand for finished steel with the resumption of production was the…