Tag: ferrous metal prices

China: Shagang Steel hikes ferrous scrap procurement prices by $7/t

Dec 3, 2024

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by

Adarsh Ramteke

in Melting Scrap

Shagang Steel, China’s largest steel producer, raised its ferrous scrap procurement prices by RMB 50/t ($7/t) across all grades, effective 3 Dec’24. Following the increase, prices of HMS (6-10 mm) stood at RMB 2,560/t ($351/t), including 13% VAT. This is Shagang Steel’s first price hike in Dec’24.