Tag: China Shagang Steel scrap purchase price

China’s Shagang Steel raised scrap purchase prices by RMB 80/t ($12/t) for all grades, effective 13 Mar’23. This is the first hike this month. After the revision, HMS (6-10 mm) prices are at RMB 3,280/t ($476/t) delivered to headquarters, including 13% VAT. The inadequacy of China’s electric arc furnace steel mills has recently improved, so…