Tag: metal market update

China: Shagang Steel reduces scrap procurement prices by $4/t

Dec 12, 2025

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by

Ramavath Mounika

in Melting Scrap

China’s leading steel mill, Shagang Steel, has reduced its scrap procurement prices by RMB 30/t ($4/t) on 12’Dec’25. This marks the first price revision this month. Following this adjustment, prices of HMS (6-10 mm) are at RMB 2,360/t ($334/t), down from RMB 2,390/t ($339/t) on 24 Nov, inclusive of 13% VAT.