Tag: Shagang steel scrap purchase prices

Shagang Steel – China’s largest ferrous scrap consumer has increased the scrap buying prices further.  Scrap prices for scrap( not less than 6mm in thickness) stands at RMB 2,130/MT (USD 321). Previous price assessment was at RMB 1,980/MT (USD 299). Thus the steel maker has raised scrap purchase price by about RMB 150/MT (USD 22). Following this,…