Tag: Shagang steel scrap purchase prices

China’s Shagang Steel decreases scrap buying price, third time in last four days on weak steel prices

May 20, 2021

—

by

Rashi

in Melting Scrap

Shagang Steel, the largest steel enterprise in Jiangsu Province, in east China, lowered its scrap buying prices by RMB 100/tonne ($16/t) for all the grades on 20 May’21. The current price for scrap HMS of 6-10 mm thickness stands at RMB 3,960/t ($615/t), inclusive of 13% VAT, delivered to its headquarters at Zhangjiagang, located in…