Tag: China Shagang Steel scrap purchase price

China’s Shagang Jiangsu Steel has lowered scrap procurement prices for the second time in a week, sources informed. The company reduced prices by RMB 50/t ($7/t) for all grades, effective 17 June, as against the last change on 14 Jun. After the revision, prices of HMS (6-10mm) are at RMB 3,720/t ($554/t) delivered to headquarters,…