Tag: China Shagang Steel scrap purchase price

China’s Shagang Steel has announced a second sharp increase in scrap purchase prices by RMB 200/t ($30/t) for all grades. After the revision, HMS (6-10mm) prices are at RMB 3,070/t ($454/t) delivered to headquarters, including 13% VAT. Prices are effective from 10 Aug’22. The company has raised scrap buy prices due to improved finished steel…