Tag: Shagang steel scrap purchase prices

China’s largest EAF steelmaker- Shagang Steel has increased scrap purchase price today by RMB 30/t ($5) for all grades, credible sources reported to SteelMint. The price for HMS (6-10 mm) stands at RMB 3,420/t ($522), inclusive of 13% VAT, delivered to headquarters. The prices are hovering three years high, as per SteelMint data. Price uptick…