Tag: Shagang steel scrap purchase prices

China’s largest EAF steelmaker – Shagang Steel increased scrap purchase price today for the first time in May’21. The company has raised scrap purchase price by RMB 80/t ($12) for all grades. The company would now pay for HMS (6-10 mm) at RMB 3,620/t ($559), inclusive of 13% VAT, delivered to headquarters. In order to…