Tag: China Shagang Steel scrap purchase price

China’s Shagang Steel has announced a hike in scrap purchase prices by RMB 100/t ($15/t) for all grades after a week’s gap. After the revision, HMS (6-10mm) prices are at RMB 2,870/t ($426/t) delivered to headquarters, including 13% VAT. Prices are effective from 8 Aug’22. The company has raised scrap buy prices due to improved…