Tag: Shagang steel scrap purchase prices

The largest ferrous scrap consumer in China, Shagang Jiangsu Steel group has cut its scrap buying prices by Chinese Yuan 30/MT (USD 4.61) yesterday (i.e. 28th Dec). As per latest price update, Shagang is now paying CNY 2,650/MT (USD 407) inclusive of 17% VAT for Heavy Melting Scrap not lesser than 6 MM in thickness…