Tag: China Shagang Steel scrap purchase price

China’s Shagang Jiangsu Steel has announced a hike in scrap procurement price for the second time this week. The steel producer has raised prices by RMB 100/t ($16/t) for all grades effective 13 Dec’21. After the revision, the price of HMS (6-10mm) stands at RMB 3,440/t ($540/t) delivered to headquarters, including 13% VAT.