Tag: China Shagang Steel scrap purchase price

China’s largest EAF steelmaker, Shagang Jiangsu Steel, has announced the first hike in scrap procurement price for the month on 19 Jul’21. The company has increased the scrap procurement price by RMB 80/t ($12) for all grades, effective from today. After the revision, the current price for HMS (6-10 mm) stands at RMB 3,850/t ($594),…