Tag: China Shagang Steel scrap purchase price

China’s Shagang Steel has announced its third scrap purchase price cut in a row by RMB 80/t ($12/t) for all grades, effective 14 July. After the revision, prices of HMS (6-10mm) are at RMB 2,920/t ($434/t) delivered to headquarters, including 13% VAT. The company has trimmed scrap buy prices owing to sluggish domestic finished steel…