Tag: Shagang steel scrap purchase prices

The leading steel enterprises in Jiangsu Province have hiked scrap purchase prices by RMB 100/t ($15) for all grades today. Price indication for HMS (6-10 mm) stands at RMB 3,720 ($576), inclusive of 13% VAT, delivered to headquarters. A surge in Chinese steel futures, higher margins, hike in global scrap and iron ore prices are…