Tag: China Shagang Steel scrap purchase price

China’s Shagang Jiangsu Steel reduced 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 13 May, against the last change on 10 May. After revision, prices of HMS (6-10mm) are at RMB 3,920/t ($577/t) delivered to headquarters, including 13% VAT.