Tag: Jiangsu Shagang Group

China’s Shagang Steel has announced a hike of RMB 150/t ($22/t) in scrap purchase prices this week for all grades. After revision, HMS (6-10 mm) prices are at RMB 3,220/t ($474/t) delivered to headquarters, including 13% VAT. Prices are effective from 16 Aug’22. Improved finished steel demand and sales are the reason behind the hike…