Tag: Shagang steel scrap purchase prices

China: Shagang Steel hikes scrap purchase prices sharply on global cues and supportive steel prices

Feb 26, 2021

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by

Rashi

in Melting Scrap

Prices increased by RMB 100/t ($15.5) for all grades Shagang’s domestic scrap purchase prices are highest since Oct’17 Eastern China’s largest EAF steelmaker – Shagang Steel has raised its scrap purchase price by RMB 100/t ($15.5) for all grades, effective from today. The purchase price for HMS (6-10 mm) now stands at RMB 3,290/t ($508)…