Tag: Shagang steel scrap purchase prices

China: Shagang Steel raises domestic scrap purchase price on tight supplies and rising imported offers

Apr 26, 2021

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by

Rashi

in Melting Scrap

Prices up by RMB 50/t ($8) Japanese scrap suppliers raised scrap offers to China by $20/t last week Chinese ferrous scrap imports rose significantly after easing of restrictions China’s largest EAF steelmaker- Shagang Steel has announced scrap purchase price hike yesterday by RMB 50/t ($8) for all grades. Currently, for HMS (6-10 mm) the company…