Tag: China Shagang Steel scrap purchase price

China’s Shagang Jiangsu Steel raised scrap procurement prices on the first day of Apr’22, sources informed. The company raised prices by RMB 50/t ($8/t) for all grades effective 1 April. After the revision, prices of HMS (6-10mm) are at RMB 3,970/t ($625/t) delivered to headquarters, including 13% VAT.