Tag: Shagang Scrap Price

China’s largest EAF steelmaker- Shagang Steel has raised its scrap purchase price by RMB 50/t ($8) for all grades, effective from today (26th Nov’20). This is the company’s third price hike in Nov’20.  Prices are hovering at over three-years high, as per data maintained with SteelMint. The purchase price for HMS (6-10 mm) now stands…