Tag: Shagang steel scrap purchase prices

China’s largest EAF steelmaker – Shagang Steel has hiked scrap purchase price yesterday by RMB 50/t ($8) for all grades. The company is paying scrap, HMS (6-10 mm) at RMB 3,540/t ($545), inclusive of 13% VAT, delivered to headquarters. In order to secure more scrap supplies and hike in imported scrap offers have resulted in…