Tag: China Shagang Steel scrap purchase price

China’s Shagang Jiangsu Steel has announced the second hike in scrap procurement price this month by RMB 50/t ($8) for all grades from 28 Sep’21. After the revision, the price of HMS (6-10 mm) stands at RMB 3,760/t ($583), including 13% VAT, delivered to headquarters. Steel mills, however, are showing limited demand for scrap due…