Tag: shagang scrap prices

China’s leading electric arc furnace (EAF) steelmaker, the Jiangsu Shagang Group, raised its scrap purchase prices by RMB 80/tonne (t) ($13/t) today compared to prices seen on 7 Jan’22. Notably, this is the second hike in 2022, after a gap of two straight months. Current prices of HMS (6-10 mm) stand at RMB 3,770/t ($597/t),…