Tag: Shagang steel scrap purchase prices

China’s largest EAF steelmaker- Shagang Steel has announced its scrap purchase price revision after a gap of one month. The company has increased scrap purchase prices by RMB 30/t ($5) for all grades. The price for HMS (6-10 mm) stands at RMB 3,420/t ($522), inclusive of 13% VAT, delivered to headquarters works at Zhangjiagang North of Shanghai…