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Tag: Shagang steel scrap price

  • China’s Shagang group lowers scrap purchase price

    China’s Shagang group lowers scrap purchase price

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    by

    Rashi
    in

    Eastern China’s largest EAF steelmaker- Shagang group has cut its scrap purchase price by RMB 30/t ($4) for all grades effective from today (19th Oct’20). The purchase price for HMS (6-10 mm) now stands at RMB 2,690/t ($401), inclusive of 13% VAT, delivered to headquarters works at Zhangjiagang North of Shanghai in China. While other…