Tag: China Shagang Steel scrap purchase price

Shagang Group, China’s leading electric arc furnace (EAF) steelmaker, headquartered in Jiangsu, raised its scrap procurement prices by RMB 50/tonne ($8/t), effective from 7 April, 2022 against the last hike on 1 April, 2022. This hike was attempted to secure supplies and stall deliveries from declining further. Post-revision, current prices of HMS (6-10mm) are at…