Tag: China Shagang Steel scrap purchase price

China’s Shagang Jiangsu Steel has lowered scrap procurement prices for the fourth time in a month, sources informed. The company reduced prices by RMB 120/t ($18/t) for all grades, effective 21 Jun’22, as against the last revision on 20 Jun. After the revision, prices of HMS (6-10mm) are at RMB 3,500/t ($521/t) delivered to headquarters,…