Tag: China Shagang Steel scrap purchase price

China’s Shagang Jiangsu Steel has announced the second cut in scrap procurement price in Oct’21 by RMB 80/t ($13) for all grades. After the revision, the price of HMS (6-10 mm) stands at RMB 3,780/t ($591), including 13% VAT. Under the pressure of a sharp fall in finished steel prices, most mills have slashed their…