Tag: Shagang Scrap Price

Eastern China’s largest EAF steelmaker- Shagang group has hiked its scrap purchase price by RMB 50/t ($7) for all grades, effective from today (2nd Nov’20). The purchase price for HMS (6-10 mm) now stands at RMB 2,790/t ($417), inclusive of 13% VAT, delivered to headquarters works at Zhangjiagang North of Shanghai in China. While other…