Tag: China Shagang Steel scrap purchase price

China’s Shagang Steel has trimmed scrap purchase prices for the first time this month by RMB 50/t ($7/t) for all grades, effective 14 Feb’23. After the revision, HMS (6-10 mm) prices are at RMB 3,150/t ($462/t) delivered to headquarters, including 13% VAT. After two consecutive hikes, the company has lowered bids.