Tag: Shagang Scrap Price

Eastern China’s largest EAF steelmaker- Shagang group hiked scrap purchase price for all grades yesterday by RMB 100/t ($15). The purchase price of HMS (6-10 mm) thickness has increased to RMB 2,890/t ($436), inclusive of 13% VAT delivering to headquarters works at Zhangjiagang North of Shanghai in China, effective from 5th Nov’20. Winter restocking has pushed…