Tag: China Shagang Steel

Leading Chinese steelmaker Shagang Jiangsu Steel has again reduced its scrap procurement price for the different grades by RMB 50/t ($8/t) today. After the revision, the price of HMS (6-10mm) stands at RMB 3,370/t ($528/t), including 13% VAT. Demand for scrap from steel mills has been impacted due to production restrictions and falling steel prices,…