Tag: China Shagang Steel scrap purchase price

Leading Chinese steelmaker Shagang Jiangsu Steel has announced further reduction in its scrap procurement price for all the different grades by RMB 50/t ($8) for Nov’21 deliveries. After the revision, the price of HMS (6-10mm) stands at RMB 3,420/t ($535), including 13% VAT. The scrap demand of mills has been affected due to steel production…